https://www.taxtmi.com/manuals?id=3948 Basic exemption limits dictate income-tax liability for individuals, HUFs, AOPs and BOIs, with higher exemption thresholds for resident senior and very senior individuals; co-operative societies, firms, companies and local authorities have no basic exemption and are taxable on all chargeable income. A new tax regime option is available to individuals, HUFs, AOPs, BOIs and AJP, carrying a distinct threshold applicable to opt-in assessees and effective from the assessment year specified in the guidance. en-us Thu, 21 Dec 2023 17:02:00 +0530 Sat, 30 Aug 2025 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=3948 Basic exemption limits dictate income-tax liability for individuals, HUFs, AOPs and BOIs, with higher exemption thresholds for resident senior and very senior individuals; co-operative societies, firms, companies and local authorities have no basic exemption and are taxable on all chargeable income. A new tax regime option is available to individuals, HUFs, AOPs, BOIs and AJP, carrying a distinct threshold applicable to opt-in assessees and effective from the assessment year specified in the guidance. Manuals Income Tax Thu, 21 Dec 2023 17:02:00 +0530 https://www.taxtmi.com/manuals?id=3948