Exemption limit for those over 80 yeats

Forums Budget 2017 Exemption limit for those over 80 yeats

Exemption limit for those over 80 yeats

In 2017 budget the exemption limit is not clarified

Profile photo of Mohammad Shafi Aga Asked By: Mohammad Shafi 1 replies 1 helpful answers Last Updated: 5 months, 2 weeks ago
  • Profile photo of Mohammad Shafi AgaMohammad Shafi
    Participant

    In 2017 budget the exemption limit is not clarified

  • Profile photo of Chetan ChandakChetan Chandak
    Moderator

    Though Budget 2017 has reduced the tax rate on the income in the slab of Rs. 2.5 lakhs – Rs. 5 lakhs there is no benefit for the super senior citizen because their income upto Rs. 5 lakhs is tax exempt and they directly fall under the 2nd slab of Rs. 5 lakh to Rs. 10 lakh bracket taxable at 20% or above.

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