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senior citizens

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Are senior citizens exempt from filing ITR: Analysis

Income Tax : Understand ITR exemption under Section 194P for senior citizens 75+ years. Learn eligibility, conditions, and other tax benefits a...

December 5, 2024 4389 Views 0 comment Print

Which ITR form is applicable for senior citizens?

Income Tax : Discover the right ITR form for senior and super senior citizens, including tax rates, exemptions, and filing conditions for FY 20...

September 14, 2024 9771 Views 0 comment Print

Senior Citizen/ Super Senior Citizen – Income Tax Benefits allowable

Income Tax : Learn about tax benefits for senior and super senior citizens, including deductions on health insurance, medical expenses, interes...

September 6, 2024 1308 Views 0 comment Print

Tax Benefits Available to Senior Citizens

Income Tax : Discover the tax benefits for senior and very senior citizens for FY 2022-23, including higher exemption limits, interest deductio...

August 31, 2024 696552 Views 150 comments Print

Senior Citizens Savings Scheme (SCSS): Investment Planning Guide

Income Tax : Explore investment planning for senior citizens, covering tax slabs, deductions, and the Senior Citizens Savings Scheme (SCSS). Un...

December 27, 2023 96999 Views 6 comments Print


Latest News


Benefits of Social Security Schemes to Senior Citizens

Corporate Law : Department of Social Justice and Empowerment has formulated the scheme of National Action Plan for Senior Citizens (NAPSrC) with e...

March 23, 2021 819 Views 0 comment Print

Conditions for Indian Citizenship under Citizenship Act, 1955

Finance : A person of India origin who is ordinary resident in any country or place outside undivided India is eligible for grant of Indian ...

March 15, 2012 1852 Views 1 comment Print

Income Tax Exemption Limit for Individuals & Senior Citizens – Budget 2011

Income Tax : The exemption limit for the general category of individual tax payers has been enhanced to Rs. 1,80,000 from Rs. 1,60,000 in the G...

March 1, 2011 17215 Views 0 comment Print

Assocham asked to raise the tax exemption limit for Individuals to 4 lakh and for senior citizens to 5 lakh

Income Tax : Industry body Assocham today asked the government to raise the tax exemption limit on personal income from Rs 1.6 lakh per annum t...

December 2, 2009 687 Views 0 comment Print

Direct Tax code will benefit more to people in higher income group

Income Tax : From April 1, 2011, finance minister Pranab Mukherjee has proposed to simplify the income-tax regime by reducing the tax rates on ...

August 14, 2009 435 Views 0 comment Print


Latest Notifications


Revisions to Senior Citizen’s Savings, National Savings Time Deposit & PPF Schemes

Corporate Law : Explore the impact of SB Order No. 22/2023 on Senior Citizen's Savings Scheme, National Savings Time Deposit Scheme, and Public Pr...

November 14, 2023 2016 Views 0 comment Print

Interest rate on Senior Citizens Savings Scheme from 01.04.2015

Finance : In the Senior Citizen Savings Scheme Rules, 2004, in rule 7, in sub-rule (1), after the third provisio, following proviso shall be...

July 27, 2015 3991 Views 0 comment Print

No Income Tax Scrutiny of Senior Citizens and Small Tax payers Having Gross Income less then 10 Lakh

Income Tax : The Income Tax Department today said that tax returns filed by senior citizens above 60 years and small taxpayers with gross total...

February 29, 2012 57015 Views 12 comments Print

RBI circular on Financial Assistance to Senior Citizens, Widows and Handicapped persons

Fema / RBI : Please refer to our circulars RPCD. CO. No. RRB. BC. 57/ 03.05.33(F)/ 2005-06 dated December 27, 2005 and RPCD. CO. FID. BC. No. /...

December 24, 2010 456 Views 0 comment Print


Latest Posts in senior citizens

Are senior citizens exempt from filing ITR: Analysis

December 5, 2024 4389 Views 0 comment Print

Understand ITR exemption under Section 194P for senior citizens 75+ years. Learn eligibility, conditions, and other tax benefits available in India.

Which ITR form is applicable for senior citizens?

September 14, 2024 9771 Views 0 comment Print

Discover the right ITR form for senior and super senior citizens, including tax rates, exemptions, and filing conditions for FY 2024-25.

Senior Citizen/ Super Senior Citizen – Income Tax Benefits allowable

September 6, 2024 1308 Views 0 comment Print

Learn about tax benefits for senior and super senior citizens, including deductions on health insurance, medical expenses, interest income, and filing exemptions.

Tax Benefits Available to Senior Citizens

August 31, 2024 696552 Views 150 comments Print

Discover the tax benefits for senior and very senior citizens for FY 2022-23, including higher exemption limits, interest deductions, and medical expense relief.

Senior Citizens Savings Scheme (SCSS): Investment Planning Guide

December 27, 2023 96999 Views 6 comments Print

Explore investment planning for senior citizens, covering tax slabs, deductions, and the Senior Citizens Savings Scheme (SCSS). Understand where, how much, and when to invest. Learn about interest rates, withdrawals, and tax implications for a secure financial future.

Revisions to Senior Citizen’s Savings, National Savings Time Deposit & PPF Schemes

November 14, 2023 2016 Views 0 comment Print

Explore the impact of SB Order No. 22/2023 on Senior Citizen’s Savings Scheme, National Savings Time Deposit Scheme, and Public Provident Fund Scheme. Detailed analysis and changes outlined.

Tax Benefits Not To Be Missed By Senior Citizens

November 7, 2023 95970 Views 2 comments Print

Discover the tax benefits available to senior and very senior citizens under the Income Tax Act in India, including lower tax rates and exemptions.

TDS Deduction for Specified Senior Citizens (Section 194P)

October 29, 2023 9048 Views 0 comment Print

Section 194P, which exempts senior citizens aged 75 or more from filing tax returns if they have only pension and interest income from specified banks. Understand who deducts tax, eligibility, and compliance

Income Tax Benefits for Senior and Super Senior Citizens

October 18, 2023 6795 Views 1 comment Print

Discover income tax benefits enjoyed by senior and super senior citizens under Income Tax Act of 1961, from higher deductions to special rates.

Parents Need not be Senior Citizens to Claim Maintenance

June 4, 2023 3060 Views 0 comment Print

Discover the truth about claiming maintenance under the Maintenance and Welfare of Parents and Senior Citizens Act, 2007. Contrary to misconceptions, parents don’t need to be senior citizens to avail benefits. Explore key definitions from the Act and a significant court judgment highlighting the entitlement of parents, whether senior citizens or not. Uncover the legislative nuances and the pressing need for amendments to enhance the effectiveness of the Maintenance Act.

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