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Yes the income tax slabs are slightly different for women Women taxpayers below the age of 60 years can avail an additional deduction of 2 5 lakh This means that women taxpayers below the age of 60 years are not required to pay any income tax on an income of up to 5 lakh
Tax Slab for Female Employees in India Learn more about the Income Tax Slab for Women Tax Rebate Exemption Limits and Calculate the Taxable Income
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For individuals below 60 years of age the basic exemption limit remains at Rs 2 5 lakh under the old tax regime For senior citizens aged 60 years and above but below 80 years the basic exemption limit under the old tax regime is Rs 3 lakh For super senior citizens aged 80 years and above the exemption limit is Rs 5 lakh
In India income tax is calculated using income tax slabs and rates for the applicable financial year FY and assessment year AY For this year the financial year will be 2024 25 and the assessment year will be 2025 26 Note As per the Budget the New Tax Regime will be considered as the default tax regime if the taxpayer has not opted
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People earning up to 7 50 000 annually are exempted from the tax slabs The government provides several tax benefits and reliefs to women Women with annual taxable income of more than 50 lakh require to pay an additional surcharge on top of their income tax slab
India s income tax system is progressive meaning tax rates increase with higher income levels The income tax slab in India specify
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https://www.godigit.com/income-tax/income-tax-slab-for-women
Tax Slab for Female Employees in India Learn more about the Income Tax Slab for Women Tax Rebate Exemption Limits and Calculate the Taxable Income
https://www.policybazaar.com/income-tax/income-tax-slab-for-women
Women taxpayers in India can avail of several tax exemptions under the Income Tax Act 1961 Therefore understanding these slabs is crucial for female professionals business owners and taxpayers Read more
Tax Slab for Female Employees in India Learn more about the Income Tax Slab for Women Tax Rebate Exemption Limits and Calculate the Taxable Income
Women taxpayers in India can avail of several tax exemptions under the Income Tax Act 1961 Therefore understanding these slabs is crucial for female professionals business owners and taxpayers Read more
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