The Budget Tax and other Highlights
The new tax rates:
Upto Rs 2 lakh : NIL
From Rs 2 lakh to Rs 5 lakh at 10%,
Rs 5 lakh to Rs 10 lakh at 20%,
And beyond Rs 10 lakh at 30%.
Health insurance deduction upto Rs 5000 for preventive health checkup.
Interest income from banks tax-free upto Rs 10,000
No advanced tax requirement for senior citizens
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