Section 87a query

Conditions for sec. 87A applicability are;
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> Individual assessee.
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> Resident in India.
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> Total income does not exceed Rs. 5 lakh.
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So, sec. 87A is also applicable to resident individuals aged 60 years and above and they shall not pay tax upto a total income of Rs. 2,70,000.
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However, this provision does not apply to resident individuals aged 80 years and above as their basic exemption limit is upto Rs. 5 lakh.

Mr. Deepak gupta

I would like to say that this provision also applied to super senior citizens (who attain age of 80 year at any time during previous year).

suppose if super senior citizen have income of Rs. 4.7 lac than definately he would be benefitted by provision u/s 87 A

Originally posted by : SUDESH K GUPTA
	Mr. Deepak gupta I would like to say that this provision also applied to super senior citizens (who attain age of 80 year at any time during previous year). suppose if super senior citizen have income of Rs. 4.7 lac than definately he would be benefitted by provision u/s 87 A

Very senior citizens aged 80 years and above are not liable to pay any income tax upto Rs. 5 lakhs. So, sec. 87A rebate is irrelevant for them.

yes deepak gupta 

you are right