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Who is a Senior Citizen and a Super Senior Citizen for the purpose of Income Tax Act


Senior Citizens and Super Senior Citizens have been provided with many additional tax benefits under different tax provisions, thus its very important to be very clear about who will be treated as Senior or Super Senior Citizen for Income Tax provisions.

SENIOR CITIZEN:

An individual who is of the age of 60 years or more during the previous year is termed as a Senior Citizen for the purpose of Income Tax Act.

SUPER SENIOR CITIZEN:

An individual who of the age of 80 years or more during the previous year is termed as a Super Senior Citizen for the purpose of Income Tax Act.



What will be status of a person born on 1st April? Will he/she be treated as senior Citizen for particular Assessment Year?


Various benefits available to Senior & Super Senior Citizens under Income Tax:

No requirement to pay Advance Tax if there is no business income

No tax upto income of ₹ 3,00,000 / ₹ 5,00,000- Read in detail the applicable Tax Rates

Enhanced limits for medical insurance premium u/s 80D

Deduction u/s 80DDB for expenditure on specified desease for senior citizens

Enhanced benefit of ₹ 50000 as deduction of interest from deposits u/ 80TTB









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