what are the basic exemption limit as per income tax act,1961
Answers
Answered by
2
Answer:
The basic exemption limits as per Indian income tax act is as follows
For person aged 18-60 years on the 1/4/20XX THE BEL (BASIC EXEMPTION LIMIT) is 2,50,000
For persons aged between 60-80 years the BEL is 3,00,000
For persons aged between 80 years and above the BEL is 5,00,000
Explanation:
Similar questions