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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Related Links:

Video- To watch a video on Budget changes for FY 2023-24, click here.

FAQs: To read more about Budget changes for FY 2023-24, click here.

Documentation:

• To learn more about the recent Budget changes for FY 2023-24, click here.
  
• To learn more about the Tax Slabs of budget changes, click here.

Product Update- To read about the product update, click here.