SUPER SENIOR CITIZEN REGD


This query is : Resolved 

Quick Summary
This discussion clarifies tax benefits for individuals over 80 with an income of around 6 lakhs, primarily from pension. It confirms eligibility for a rebate under Section 87A of the new tax regime, meaning no tax is payable. Even with a small amount of savings account interest, no other investments are mentioned, simplifying the tax situation.

24 July 2024 MY FATHER IS AGED ABOVE 80 YEARS. HIS INCOME FOR LAST FY IS AROUND 6 LACS (PENSION)
IS HE ELIGIBLE FOR ANY DEDUCTION.

HIS SB ACCOUNT INTEREST IS AROUND 1900 AND NO OTHER INVESTMENTS

PLS ADVICE

24 July 2024 Yes, rebate u/s. 87A under new regime. No tax payable.



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