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Income tax rates for non resident individual being a super senior citizen

Hemant D (na) (304 Points)

10 March 2016

A lady who is 87 years old is a non resident for PY 2014-15 (AY 15-16) and has refund on account of TDS on FD. Being a non resident she is not allowed to submit Form 15. Could you please let me know the exemption limit applicable for AY 15-16 to enable her to claim the refund. Thanks in advance. can she claim rebate u/s 87A?

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9 Replies

shweta bhatter (CA) (173 Points)
Replied 10 March 2016

1. The lady comes under super senior citizen where the basic exemption limit is Rs. 3.5 lakhs.

2. Rebate u/s 87A is applicable when the taxable income is less than 5,00,000/-

Hemant D (na) (304 Points)
Replied 10 March 2016

Dear Shweta,

Thanks for your reply. While filing in ITR 1, it automatically considers the basic exemption as Rs. 3 lakhs ( limit fixed for senior citizens)and does not give effect to the provisions of rebate u/s 87A.

Thanks

Hemant D (na) (304 Points)
Replied 10 March 2016

Dear Shweta,

i am sorry, it considers the basic exemption as Rs. 250000 and not Rs. 300000.

Swami Ayyappa Nuli (TAX ADVISOR & CONSULTANT AT G.S.T SUVIDHA CENTER) (1372 Points)
Replied 10 March 2016

Basic exemption limit of Rs.2,50,000 alone applicable. For Non Resident age and Gender is not Material and Furthur Rebate u/s.87A is applicable only for Residents. Let her apply in Form 15C or 15D as the case may be for Lower or Nil rate of deduction to A.O and submit to Bank so that Bank will not deduct T.D.S u/s.195

1 Like

Hemant D (na) (304 Points)
Replied 10 March 2016

Thanks Nuli Swami Ayyappa

MD ABID HUSSAIN (delhi) (22 Points)
Replied 10 March 2016

I am agree with nuli swami ji

Biswajit (Self Employed) (41 Points)
Replied 10 March 2016

IT ACT 1961 has not given any relaxation to non residents individuals to enjoy slab rates as applicable for different categories..lncome of non residents individual would be calculate by considering slab rate applicable to residents individual below 60 years. Added to that no rebate also extended though income upto 5 lakh, it is only for resident..