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 higher age. The age and other criteria to qualify as a senior citizen and very senior citizen under the Income-tax Laware as follows :
|
Criteria for senior citizen |
Criteria for very senior citizen |
|
Must be of the age of 60 years or above but less than 80 year at any time during the respective year. |
Must be of the age of 80 years or above at any time during the respective year. |
|
Must be resident |
Must be resident |
Comments
0 comments
Please sign in to leave a comment.