if in a financial year person gets interest of rs 25000 on fdr before the age of 60 and 25000 after the age of 60 the how much he claim under chapter vi a deduction
8 Replies
rama krishnan
(12244 Points)
Replied 28 July 2019
A INDIVIDUAL IS TREATED AS SENIOR CITIZEN IF HE ATTAINS THE AGE OF 60 AT ANY TIME DURING THE P. Y. SO EVEN IF YOU ATTAIN THE AGE OF 60 ON MARCH 31,YOU WILL BE TREATED AS SENIOR CITIZEN
Abhinav Jain
(141 Points)
Replied 28 July 2019
i want to know is saving account interest is exempted other than 50000 in case of senior citizen
RAMAKRISHNAN R
(INCOME TAX OFFICER)
(1736 Points)
Replied 28 July 2019
No... Interest on deposits including savings bank allowed to an extent of 50000 and not more than that
Samantha J
(1236 Points)
Replied 29 July 2019
your age as on date of of filing is senior citizen exemption
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