Question

14) Tax exemption for Individual upto age 60 years is ?

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Answer 1

Step-by-step explanation:

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Answer 2

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Step-by-step explanation:

This exemption limit stands at up to Rs. 3 Lakh for individuals above 60 years of age. There is an additional health and education cess of 4% over the applicable tax slab. There is also an additional surcharge over the applicable tax rate for individuals with an income above Rs.

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