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The income tax slabs for that continue to be a NIL tax up to Rs 2.5 lakh income, 5% tax between Rs 2.5 lakh and Rs 5 lakh, 20% tax rate between Rs 5 lakh and Rs 10 lakh, 305 tax rate above Rs 10 lakh.

The basic exemption limit for senior citizens is Rs 3 lakh and for super senior citizens it is Rs 5 lakh.AI Powered Learning and Development Tools Stock Trading Made Easy: Grow Your Wealth Today