financial services

Senior citizens occupy a special place i

Senior citizens occupy a special place in Indian culture as they are repositories of wisdom and experience. The government classifies the Senior Citizen group into two categories for the purpose of income tax slab computation. These are:
• Senior citizens over 60 years of age but less than 80 years on the last day of the Fiscal year for which taxes are being paid.
• Super Senior Citizens over 80 years of age on the last day of the Fiscal year for which taxes are being paid.
The corresponding tax slabs can be observed here. Read more at: https://www.allindiaitr.com/blog/senior-citizens-and-income-tax-planning

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