Sr citizen age applicability


This query is : Resolved 

Quick Summary
This discussion clarifies the tax status of a senior citizen. If an individual turned 60 on December 31st, 2023, they are considered a senior citizen taxpayer for the Financial Year 2023-24. This means their senior citizen tax benefits apply from the current financial year.

06 July 2024 Hi Friends,
Can anyone please clarify the following point:

A tax payer has completed an age of 60 years on 31st Dec 23.
Is he entitiled as sr citizen tax payaer for the FY 2023-24 or next FY i.e. 2024-25.

Thanks & regards

PC Joshi

06 July 2024 He is Sr. Scz. for FY 2023-24.

28 August 2024 Good luck.


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