Senior citizen age calculation

Govindarajan (Manager) (109 Points)

23 September 2015  

Dear Experts,

Please clarify the following

To avail senior citizen exemption limit, whether the member should have to complete 60 years during the financial year or it is sufficient if he completes 59 years and entering into 60th year during the financial year.

Say for example, if the date of birth is 05.02.1956, he has completed 59 years on 04.02.2015 and entering in to 60th year on 05.02.2015.  Whether the member is eligible for senior citizen exemption for the ay 2015-16 or not?