Ans: The tax exemption limits are as follows: 1. For resident Indians aged 80 years or above: Earnings up to Rs. 5,00,000 are tax-exempt 2. Resident Indians aged 60-79 years: Earnings of up to Rs. 300,000 are exempted from tax 3. Individuals aged below 60 years: No tax is applicable on an income of up to Rs. 2,50,000  4. HUF: Exemption is available if the annual income of an HUF is not more than Rs. 2,50,000. 5. NRIs: Earnings of up to Rs. 2,50,000 are tax-exempt