SUPER SENIOR CITIZEN REGD

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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.

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(Querist)
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
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
24 July 2024 Yes, rebate u/s. 87A under new regime. No tax payable.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
24 July 2024
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