Senior citizen tax benefits: Pension, deductions, Income Tax slabs

The first part of your income, up to a certain amount, is taxed at 20% This is known as the standard rate of tax and the amount that it applies

Default Option: The new tax regime is now the default option for FY 2023-24 · Reduced Tax Slab: · Standard Deduction benefit: · Increase in Tax Rebate Limit:

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