What will be the slab rate?

Tax planning 477 views 1 replies
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150 Points Joined December 2009

Dear All

An assessee's D.O.B is 01.01.1932 and accordingly he is attaining the age of 80 years on 01.01.2012, i.e. F.Y. 2011-12.

What will be the slab rate applicable on him. Whether he falls in the slab of Senior Citizen above the age of 80 years or not?

Thanks 

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On 26 May 2011 at 13:30 Report
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CS CA F Numerologist Astrologer Graph
85935 Points Joined May 2010

Slab rate will be of  very very senior citizen 0 - 5,00,000/- nil  bcoz the words used are " at any time during the fin year assessee attains d age of  80 yrs.....during d FY.

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On 26 May 2011 at 13:48


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