VERY SENIOR CITIZENS

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At What Age A Person Will Qualify As A Senior Citizen And Very Senior Citizen Under Income Tax?

​​Before understanding the age criteria, it is very important to know that the tax benefits offered under the Income-tax Law to a senior citizen/very senior citizen are available only to resident senior citizen and resident very senior citizens. In other words, these benefits are not available to a non-resident even though he may be of …

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What Benefits Are Available To Senior Citizen And Very Senior Citizen in Respect Of Tax Rates?

​​​Senior citizens and a very senior citizen are granted a higher exemption limit as compared to normal tax payers. Exemption limit is the quantum of income up to which a person is not liable to pay tax. The exemption limit granted to senior citizen and very senior citizen for the financial year 2022-23 is as …

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