Hi Folks ,
please advise ,what is the Income tax limit for senior citizen for calculating income tax for the year 2011-2012
(assesment year 2012 -2013 for senoir citizen).
Please Reply ASAP.
Thanks
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Income tax calculation for senior citizen
Replies (3)
For the Financial Year 2011-2012 (A.Y. -2012-13), the limit of Income exempt from tax for senior citizen (age 60 or above) was Rs. 2,50,000.
For Super Senior Citizen (age 80 and above) it was INR 5,00,000.
2,50,000...................
2,50,000/-
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