Home > Money > Question

Sign In | Create an account

Language:

Now in हिन्दी too

Need Expert Advice?Our Gurus Can Help

Mihir Tanna |1040 Answers |Ask -Follow

Tax Expert - Answered on Apr 01, 2023

Mihir Ashok Tanna, who works with a well-known chartered accountancy firm in Mumbai, has more than 15 years of experience in direct taxation.
He handles various kinds of matters related to direct tax such as PAN/ TAN application; compliance including ITR, TDS return filing; issuance/ filing of statutory forms like Form 15CB, Form 61A, etc; application u/s 10(46); application for condonation of delay; application for lower/ nil TDS certificate; transfer pricing and study report; advisory/ opinion on direct tax matters; handling various income-tax notices; compounding application on show cause for TDS default; verification of books for TDS/ TCS/ equalisation levy compliance; application for pending income-tax demand and refund; charitable trust taxation and compliance; income-tax scrutiny and CIT(A) for all types of taxpayers including individuals, firms, LLPs, corporates, trusts, non-resident individuals and companies.
He regularly represents clients before the income tax authorities including the commissioner of income tax (appeal).... more

Question by VISWANATHAN on Feb 03, 2023Hindi

Money

The basic IT exemption has been raised from Rs.2.5 Lakhs to Rs. 3 Lakhs. Is it applicable for Senior Citizen also uniformly or is it Rs. 3.5 Laks for them? Arun, Trichy

Ans: In finance act 2023, minimum exemption limit is raised to 3 lakhs for all taxpayers (including Senior citizen) opting for new tax regime.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

MoneyReply

You may like to see similar questions and answers below

Mihir Tanna |1040 Answers |Ask -Follow

Tax Expert - Answered on Feb 04, 2023

Question by Thomas - Feb 01, 2023Hindi

Is there additional exemption for senior citizens in new tax scheme?

Ans: Changes proposed in new tax regime in Budget 2023 is available for senior citizens also but no separate changes proposed for senior citizens.

Vivek Lala | Answer |Ask -Follow

Tax, MF Expert - Answered on Mar 10, 2023

Question by D - Feb 02, 2023Hindi

Money

Is the income exemption limit of Rs 500000 for senior citizens above 80, still valid under Old Regime ,in the new Budget 23-24 or scrapped?

Ans: No changes have been made in the old regime

Milind Vadjikar |1139 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Sep 27, 2024

Question by SAKARLAL - Mar 04, 2024Hindi

Money

I am a Senior citizen of 70 years having income from Pension, Capital Gains and from other sources. Sir, I would like to know what is the exemption limit for Senior Citizen for F Y.2023-24 i e. Assessment Year 2024-25 under both the tax regimes

Ans: Income upto 3 Lacs is exempt under both regimes for senior citizens in the the 60 to 80 age group for the FY 2023-24.

T S Khurana |427 Answers |Ask -Follow

Tax Expert - Answered on Aug 10, 2024

Question by Vijai - Jul 29, 2024Hindi

Money

Pease let me know whether the exemption for LTCG is Rs 3 lakhs for senior citizens for FY2024-25?

Ans: There is no specific EXEMPTION for SENIOR CITIZENS, for Long Term Capital Gains, in any financial year.
However, if they don't have any other income from any other source, then LTCG gets adjusted, against this basic exemption limit of Rs.3,00,000.00 for Senior Citizens & Rs.5,00,000.00 for Super Senior Citizens.
Most welcome for any further clarifications. Thanks.

Latest Questions

Radheshyam Zanwar |1497 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Mar 27, 2025

Question by Dhanashree - Mar 26, 2025Hindi

Career

Hii sir, as an sc category how much percentile I needed in jee advanced 2025 to get admission in IIT cse branch

Ans: Hello Dhanashree.
As an SC category candidate aiming for admission into the CSE branch at IITs through JEE Advanced 2025, you should target a rank within the top 32 in the SC category. Securing a rank within this range would increase your chances of admission. Please note that cutoffs can vary each year. Thanks
Follow me if you like the reply.

Radheshyam Zanwar |1497 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Mar 27, 2025

Question by Sid - Mar 26, 2025Hindi

Career

I have PCB with Mathematics as optional subject. Am i eligible to give Jee advanced if qualified in mains?

Ans: Hello Sid
Yes. You are eligible for both mains and advanced exams. Thanks
Follow me if you like the reply.

Radheshyam Zanwar |1497 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Mar 27, 2025

Question by Venkatesh - Mar 26, 2025Hindi

Career

My son scored 98.71 percentile can get NIT surathkal for CSE and others with OBC NCL category?

Ans: Hello Venkatesh
Cogratulaitons to you and your son. Chances are there to get a seat for CSE @ NITs. Thanks
Follow me if you like the reply.

Dr Dipankar Dutta |1065 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Mar 26, 2025

Asked by Anonymous - Mar 26, 2025Hindi

Career

my son has got 96.5 percentile in jee mains. He is preparing for advanced. However he is not very confident of getting a good rank this time and is considering to take. drop to prepare better. His physics and chemistry is sorted. However he is finding difficulty in maths. Can you suggest any good online course for maths and also how can he better his advanced preparation. He is aiming for IIT Bombay.

Ans: Khan academy is best for math, but it is not for JEE

Asked on - Mar 26, 2025 | Answered on Mar 26, 2025

Okay Sir. Thanks for your response

Dr Dipankar Dutta |1065 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Mar 26, 2025

Asked by Anonymous - Mar 26, 2025Hindi

Career

i got following marks in jee 2025 January 28th shift1 subject NTA score physic 66 Chemistry 07 Mathematics 86 Total score 48 what's my overall percentile rank

Ans: How your total score is 48? Logically it should be 66+7+86

Dr Dipankar Dutta |1065 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Mar 26, 2025

Asked by Anonymous - Mar 26, 2025Hindi

Career

What I should do after completing my 12 with pcb for what now I should apply can you suggest me

Ans: Decide your interest area (Medical, Research, Healthcare, Alternative careers).
Apply for entrance exams like NEET, IISER, NEST, ICAR AIEEA, GPAT, CLAT, IPMAT based on your career choice.
Explore backup options like B.Sc. Biotech, Microbiology, Psychology, Nursing, BBA, etc.

Dr Shakeeb Ahmed Khan |152 Answers |Ask -Follow

Physiotherapist - Answered on Mar 26, 2025

Question by yusuf - Mar 26, 2025Hindi

SIR MY CHOLESTEROL IS 263, HOW CAN I BRING IT DOWN THROUGH HOME REMEDIES, DIET & EXERCISE ETC.

Ans: Dear Mr. Yusuf. Thank you for your query. Considering I am Physiotherapist, I would answer from Physiotherapist perspective. To lower cholesterol from a physiotherapy perspective, focus on a combination of aerobic exercise, strength training, and flexibility work. Engage in brisk walking, cycling, or jogging for at least 30–45 minutes daily to improve heart health and lipid metabolism. Incorporate strength training 2–3 times a week with bodyweight exercises or weights to enhance muscle mass and fat burning. Avoid prolonged sitting by standing up every 30–45 minutes and engaging your core while working to improve posture and circulation. A fiber-rich diet with whole grains, vegetables, nuts, and lean proteins supports cholesterol reduction while minimizing saturated fats and refined sugars. Managing stress through breathing exercises, yoga, or meditation helps regulate cortisol levels, which can impact cholesterol. Lastly, ensure 7–8 hours of quality sleep daily, as poor sleep can contribute to high cholesterol and metabolic issue. Wish you healthy life.

Mayank Chandel |2139 Answers |Ask -Follow

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Mar 26, 2025

Question by Shweta - Mar 24, 2025Hindi

M ek female ews general candidate hu....jee mains me mujhe nit cs pane ke leye kitne percentile chaheye hone

Ans: Hi Shweta
you need to have at least 98th percentile and above.

Mayank Chandel |2139 Answers |Ask -Follow

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Mar 26, 2025

Asked by Anonymous - Mar 24, 2025Hindi

Career

Sir my son got jee mains 93.31 gen ews he can get trichy nit or warangal nit iam from andhra pradesh

Ans: Hi
at this percentile, it will not be possible.

Mayank Chandel |2139 Answers |Ask -Follow

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Mar 26, 2025

Asked by Anonymous - Mar 25, 2025Hindi

Career

Can i get ni Surathtkal with 89 percentile as an sc category student male?

Ans: Hi,
at this percentile, it is not possible to get NIT-Surathkal.

See more questions »

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

Video Reply
Audio Reply

WhatsApp
Facebook
Twitter
Copy link

Delete

Close

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus

Sign up

email

uname

mobile no

Country Code

Mobile number

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

LOGIN

x