Wed, Mar 01, 2023
Income Tax Deduction: For people above 60, there are various sections available in the Income Tax Act, 1961 to help then save money.
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Sun, Feb 26, 2023
Income Tax Slabs For Senior Citizens, Income Tax Rates For Senior Citizens: Retired employees who fall between 60 and 80 years of age, have the basic exemption limit fixed at Rs 3 lakhs. In the case of super senior citizens (above 80 years), the exemption limit is set at Rs 5 Lakh.
Thu, Aug 26, 2021
From Assessment Year 2019-20 onwards, a very senior citizen filing his return of income in Form ITR 1/4 can file his return of income in paper mode, i.e., for him e-filing of ITR 1/4 (as the case may be) is not mandatory.
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