Income Tax exemption limit for the below three categories of the individual taxpayer for the Assessment Year 2021-22 is as follows: Taxpayer Income Exemption Limit in old regime Indian Resident below 60 years of age, Huf and NRI Up to Rs 2.5 Lakh Indian Resident 60 years but less than 80 years URead more
Income Tax exemption limit for the below three categories of the individual taxpayer for the Assessment Year 2021-22 is as follows:
| Taxpayer | Income Exemption Limit in old regime |
| Indian Resident below 60 years of age, Huf and NRI | Up to Rs 2.5 Lakh |
| Indian Resident 60 years but less than 80 years | Up to Rs 3 Lakh |
| Individual 80 years and above | Up to Rs 5 Lakh |
| Taxpayer | Income Exemption Limit in New regime |
| Indian Resident below 60 years of age, Huf and NRI | Up to Rs 2.5 Lakh |
| Indian Resident 60 years but less than 80 years | Up to Rs 2.5 Lakh |
| Individual 80 years and above | Up to Rs 2.5 Lakh |
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Hi, You mean the tax slab for the assessment year 2021-22 or say Income tax slab for the financial year 2020-21. Income Tax slab for Individual Below 60 years, HUF and NRI Income Old Regime New Regime Up to 2.5 Lakh NIL NIL 2.5 Lakh to 5 Lakh 5% 5% 5 Lakh to 7.5 Lakh 20% 10% 7.5 Lakh to 10 Lakh 20%Read more
Hi,
You mean the tax slab for the assessment year 2021-22 or say Income tax slab for the financial year 2020-21.
2. For Individual 60 years but less than 80 years
3. For Individual 80 years and above
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