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How do tax slabs differ for seniors in old and new regimes?
short by Sanjeeb / on Tuesday, 19 December, 2023
Seniors and super senior citizens receive higher tax benefits than ordinary taxpayers in both old and new tax regimes under the Income-tax Act 1961. The benefits include a higher basic exemption limit, zero advance tax with exceptions and higher deductions under sections 80D and 80TTA for health insurance premiums and interest income, respectively.
read more at Outlook India