slab rate

ITR 184 views 3 replies
one assessee attained age of 60 in June 2016 n now I wish to file itr on 31 July for fy 15 16 which slab rate will b applicable for him
Replies (3)

SLAB RATES  are given in every financial buget by finance minister
  we are given categories for an individual.. and in this case the assesse comes under 1st category

to come under 2nd category, individual should attain 60years in the previous year.. As in this case the assesse attained 60 years after the previous year ie.. ( in assessement year where ITR is filed) so he doesn't satisfy the conditions of category 2.  therefore the assesse comes under category 1.   and the slab rates which are given in financial budget befor 1month of the previous (ie feb 29 2015) is appicable for the previous year 15-16.dsfs

No he is not senior citizen so regular slab rate will apply

No he is not senior citizen so regular slab rate will apply


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