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 |
See less
Whose turnover exceeds rs. 40 lakh
Whose turnover exceeds rs. 40 lakh
See less