How much income is considered tax free in India?
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As of my last knowledge update in January 2022, the basic exemption limit for individual taxpayers below 60 years of age in India was ₹2.5 lakh. However, tax laws can change, and it’s advisable to check the latest information or consult a tax professional for the most up-to-date details.
As of the financial year 2021-2022, the basic exemption limit for income tax in India is ₹2,50,000 for individuals below 60 years of age. Additional exemptions and deductions are available, and higher limits apply for senior citizens and very senior citizens. It’s advisable to consult with a tax advisor for specific details and update