The basic exemption limit for an individual below 60 years under the new tax regime (AY 2024-25) is: MCQ with Answer and Explanation

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The basic exemption limit for an individual below 60 years under the new tax regime (AY 2024-25) is:

A. ₹2,50,000

B. ₹3,00,000

C. ₹5,00,000

D. ₹2,00,000

Answer: Option B

Solution (By JKSSB Mock Tests)

Under the new regime, basic exemption limit is ₹3,00,000 for individuals below 60 years.

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