Query regarding super senior citizen
This query is : Resolved
22 December 2014
Whether a assesse having date of birth 06.01.1936 is a super senior citizen for Assessment year 2015-16 i.e. financial year 2014-15.
Is he eligible for slab of Rs.500000/-
Is he eligible for slab of Rs.500000/-
CA R SEETHARAMAN
(Expert)
22 December 2014
No, for the financial year 2015-16 and AY 2016-17 only eligible for 5 lacs slab.
22 December 2014
for super senior citizen you need to complete min of 80 years during anytime in the FY 2015-16 to become eligible for slab of rs 500,000.
if the age at any time during fy 15-16 is 60 years or more but less then 80 years then upto 300,000 no tax is applicable.
if the age at any time during fy 15-16 is 60 years or more but less then 80 years then upto 300,000 no tax is applicable.
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