is there any income tax for senior citizen at the age above 80?
if no then pls give it sec for examption for the same!
is it filling for age mpre than 80 is essential?
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income tax for senior citizen.
Replies (6)
For Very Senior Citizens....... i.e. aged 80 and more...... there is no tax liability for aggregate income of Rs. 5 lakhs.......
a very senior citizen filing his return of income in Form ITR 1/4 and having total income of more than Rs. 5,00,000 or having a refund claim can file his return of income in paper mode, i.e., for him e filing of ITR 1/4 (as the case may be) is not mandatory.
electronic filing is easy and handy. any years ITR can be tracked if done electronic ally only
is filling essential for those people?
it's good and one can file his income eventhough it's not upto taxable income
Thanks for every one.
| Originally posted by : uday | ||
 |
is filling essential for those people? |  |
Yes, mandatory..... if aggregate income exceed Rs.5 lakhs in a financial year.
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