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Income tax slab

This query is : Resolved 

07 June 2014 if an individual becomes a senior citizen in mid of financial year whether he will get benefit of 250000 slab for income tax purposes

07 June 2014 Yes, he is considered as Senior citizen.

As per Income Tax Act one who has Completed the Age of 60 years during the previous year or in a year Prior to that is a senior Citizen and one who has Completed the Age of 80 years during the previous year or in a year Prior to that is a super Senior Citizen.

07 June 2014 The assessee who at any time during the previous year attains the age of senior citizenship, shall be called as senior citizen for the purpose of the Income Tax Act.

07 June 2014 yes "at any time of the year includes any time bet Financial year"

07 June 2014 yes under income tax age of person will consider at the end of year .then you can get senior citizen benefit.


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