ఆదాయపు పన్ను గణన FY 2023-24 (AY 2024-25) :
Acording to Budget 2020 Guidelines Slab rates 01.02.2021 రోజు ప్రవేశ పెట్టిన బడ్జెట్ లో నూతనంగా తీసుకువచ్చిన 6 అంచెల స్లాబ్ లో టాక్స్ చెల్లిస్తే 1,50,000ల 80C వదులుకోవాల్సి వస్తుంది. పాత మూడు స్లాబ్ ల విధానం లో అయితే 1,50,000ల సేవింగ్ చేసుకునే అవకాశం ఉంటుంది.అయితే ఉద్యోగి లేదా పెన్షనర్ ఈ రెండింటిలో ఏది లాభదాయకమో ఇన్కమ్ టాక్స్ గణన సాఫ్ట్వేర్స్ ద్వారా తెలుసుకొని ఎంచుకోవాల్సి ఉంటుంది.
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Latest Income Tax Slabs FY 2023-24 (AY 2024-25)
| Individual resident (Age below 60 Yrs.) | For resident senior citizen (60 Years and Above) | For super senior citizen (80 years and Above) | For any other person excluding companies and co-operative societies | Income Tax rates |
|---|---|---|---|---|
| Up to Rs 2,50,000/- | Up to Rs 3,00,000/- | Up to Rs 5,00,000/- | Up to Rs 2,50,000/- | NIL |
| Rs 2,50,001–5,00,000/- | Rs 3,00,001–5,00,000/- | - | Rs 2,50,001–5,00,000/- | 5% |
| Rs 5,00,001–10,00,000/- | Rs 5,00,001–10,00,000/- | Rs 5,00,001–10,00,000/- | Rs 5,00,001–10,00,000/- | 20% |
| Above Rs 10,00,000/- | Above Rs 10,00,000/- | Above Rs 10,00,000/- | Above Rs 10,00,000/- | 30% |
80C Tax Exemption Provisions Income Tax Act FY 2023-24
- Tuition Fee- Two Children Max Rs1,50,000
- National Savings Certificates (NSC) Max Rs 1,50,000 -
- Repayment of Home Loan Principle Max Rs 1,50,000
- LIC Insurance Premium- Annual Max Rs 1,50,000
- Unit linked Insurance Plan Max Rs 1,50,000
- Public Provident Fund Max Rs 1,50,000 80C
- ULIP Max Rs 1,50,000
- PLI 1,50,000 Max Rs 1,50,000
- Equity linked Savings Schemes (ELSS) Max Rs 1,50,000
- 5-Years fixed deposits with bank/post office Max Rs 1,50,000
IT Act Section 80C
Section 80C , entitles an employee to deductions for the whole of amounts paid or deposited in the current financial year in the following schemes, subject to a limit of Rs.1,50,000/-
In section 80C of the Income-tax Act, in sub-section (1), for the words one lakh rupees, the Amendment of words one hundred and fifty thousand rupees shall be substituted with effect from the 1st day of section 80C. April, 2015 .
Read Complete information about 80C, 80CCC, 80CCD, 80CCF
IT Act Section 80CCC
Life Insurance Corporation of India or any other approved insurer for receiving pension from the Fund referred to in clause (23AAB) of section 10, he shall, in accordance with, and subject to the provisions of this section, be allowed a deduction in the computation of his total income, of the whole of the amount paid or as does not exceed the amount of 1 lakh rupees in the previous year. Read more about