80c Tax Exemption Limit 2024-24. Apart from the deduction of up to ₹1.5 lakh on principal payments, and up to ₹2 lakh on interest payments, an additional deduction of. The basic exemption limit for individuals above the age of 60 years and below 80 years under the old tax regime is rs.3,00,000.
Currently, under the new tax regime, income up to rs 3 lakh is exempt from tax. Surcharge and cess are applicable as per rules.
This Includes Various Investment Options Like.
Apart from the deduction of up to ₹1.5 lakh on principal payments, and up to ₹2 lakh on interest payments, an additional deduction of.
The Basic Exemption Limit Under The New Tax Regime Was Increased From 2.5 Lakhs To 3 Lakhs.
50,000 for elderly persons and rs.
Under Section 80C, Investments Made By An Individual Are Eligible For Tax Exemptions Up To A Limit Of Rs.
Images References :
Deduction Is Limited To Whole Of The Amount Paid Or Deposited Subject To A.
Section 80c of the income tax act allows for a deduction of payment of principal component and it is allowed on the basis of actual payment made in the.
The Basic Exemption Limit For.
Surcharge and cess are applicable as per rules.
A Resident Individual Less Than 60 Years Or Huf Or Any Other Person (Other Than Company / Firm), To Bank, For Not Deducting Tds On Interest Income If The Income Is Below Basic.