Sr.citizen as per taxman's act is 60yrs. rules 65 yrs

TDS 605 views 2 replies

In an office there was an arguement some arguing that senior citizen means those who crossed 65years , some arguing 60 years only. immediately I opened Income TAx act, by TAxman referred Sec 197A page 1.805 (as amended by Finance Act, 2012) i.e 60years. 

O.K.

in the rules book page(49th edition amended upto 5th amendment rules 2012) 1.773  under action points -point 1 i.e. 65years and page 1.771 (top) is 65 years.

this is for enhancing knowledge i am sharing.

 

Replies (2)

friend previously it was 65 now it is 60 .

Yes, Shikhar is right.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register