How to consider Senior Citizen

This query is : Resolved

Divyang Parikh (Querist)
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15 May 2008 Dear my Professional Colleage,

I have query regarding how to consider age of 65 in case of Senior citizen.

Whether a person completes 64 years of the age and entering in 65 years during the P.Y whether he is Senior CItizen or He must be Completed 65 years of Age.

Ca Divyang Parikh

R.V.RAO

R.V.RAO (Expert)
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15 May 2008 he must have completed 65 years of age.
entering 65th year is not the criterion.
THIS ID UNDER INCOME TAX ACT.
FOR RAILWAYS SENIOR CITIZEN IS ONE WHO COMPLETED 60 YEARS.
SAME IS THE CASE UNDER SENIOR CITIZEN SAVINGS SCHEME(POST OFFICE AND SCHEDULED BANKS) UNDER WHICH MAX. OF RS. 15 LAKHS CAN BE DEPOSITED AND EARN 9% INTEREST P.A
R.V.RAO