What is exemption limit for employee as per old tax regime?

Under the old regime, an employee whose taxable income is less than Rs 500000/- is exempted from paying tax.

The greytHR is ready with the new budget changes for the financial year 2023-24. The latest budget includes lower tax rates under the new regime.

The budget changes will automatically reflect in the admin portal on the Income Tax page and in the ESS portal on the Declare Income Tax page.

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