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Tax Rates Depending on Age of Individual

What is the m...

Question

What is the minimum amount for Senior citizens(age 60-80) upto which 0% tax is levied?

A

₹3 Lakhs

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B

₹5 Lakhs

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C

₹2.5 Lakhs

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D

₹0

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Solution

The correct option is A ₹3 Lakhs
The minimum amount according to the Income tax slabs on which 0 tax is levied on senior citizens aged 60-80 is ₹3 Lakhs

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