What is the new income tax slab for 2023-24?

Income Tax Slab for Individuals (Below 60 years)

The new income tax slabs for individuals below 60 years of age for the year 2023-24 is NIL Up to Rs 2.5 lakh

Income Tax Slab for Senior Citizens (60 to 80 years)

The new income tax slabs for senior citizens aged between 60 and 80 years for 2023-24 is NIL Up to Rs 3 lakh

Income Tax Slab Super Senior Citizens (Above 80 years)

The new income tax slabs for super senior citizens above 80 years of age for 2023-24 is NIL Up to Rs 5 lakh

Changes in Tax Rates and Deductions

Overview of the changes in tax rates and deductions applicable for the assessment year     2023-24

Impact on Tax Liability

Understanding impact of the new income tax slabs on individual taxpayers' tax liability for assessment year 2023-24

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