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Sr. citizen

Tax queries 553 views 3 replies

A PERSON WILL RETIRE ON 1.3.2013 i. e.  HE WILL COMPLETE 60 YEAR ON 1.3.2013 WHETER HE WILL ELIGIBLE FOR SR. CITIZEN INCOME TAX RATE SLAB. PLEASE CLEAR IT

Replies (3)

Senior Ctzn benifits are available to a Person Immd when he crosses 60 Yrs of Age at any time during the Year. There is no prorata Funda. Eg : Even a person crosses 60 on 31st March being his Birth Date Then such Person can claim Sr Ctzn Benifits in that Year also

Yes... because as per Income tax Act 1932 ... Person should be of 60 years in previous year at any time...

Yes, He has to attain the age of 60 years, during ANYTIME of the year.


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