sir,
MY DOB 22/01/1959,
I AM ELIGIBLE FOR TAX BENEFIT. BASED ON SEINIOR CITIZENS. Rs3 LAK?
BY
NATARAJ P
Senior Citizen
Nataraj P (45 Points)
30 January 2019
8 Replies
Aashish Bansal
(Article)
(698 Points)
Replied 30 January 2019
yes you have attained age of 60 in the PY you are eligible
Nataraj P
(45 Points)
Replied 30 January 2019
IT DEPARTMENT NOT ADMITTED TAX CHARGED EXCEED AMOUNT 2.5 LAK
CA SAID IAM ELEGIBLE NEXT F Y ONLY?
CA SAID IAM ELEGIBLE NEXT F Y ONLY?
jyoti bhagchandani
(fresher)
(595 Points)
Replied 30 January 2019
Going by the definition, a senior citizen is an individual resident of India (man or woman) who is at least 60 years of age or more but less than 80 years of age. For the purpose of Income Tax calculation, this age is calculated as on 1st of April of that financial year.
Thus you shall be eligible for senior citizen exemption next year. This year your age shall be counted as 59 (2018-1959) for the financial year 2018-19
Thus you shall be eligible for senior citizen exemption next year. This year your age shall be counted as 59 (2018-1959) for the financial year 2018-19
Aashish Bansal
(Article)
(698 Points)
Replied 30 January 2019
sorry sir I think sir is eligible as senior citizen as he has completed age of 60 during PY 2018-19
however he is not eligible for AY 2018-19
however he is not eligible for AY 2018-19
jyoti bhagchandani
(fresher)
(595 Points)
Replied 30 January 2019
for financial year 2018-19, age shall be calculated as on 1st april 2018, thus in that case 2018-1959= 59
Aashish Bansal
(Article)
(698 Points)
Replied 30 January 2019
As per CBDT clarification, an individual born on 1st April would complete each year of his age on 31st March, i.e. for FY 2017-18 (AY 2018-19), the date of birth (DOB) of individual should be on or before 1 April, 1958/ 1938 to complete 60/ 80 years of age as on 31 March 2018, for getting income tax benefits/ status as a senior/ very senior citizen, respectively.
We have a doubt here.. I think he should be eligible
We have a doubt here.. I think he should be eligible
jyoti bhagchandani
(fresher)
(595 Points)
Replied 30 January 2019
you will be eligible as the age could be attained at any time during the financial year. thus, you shall attain 60 on 22.01.2019 which falls in f.y. 2018-19
RAMAKRISHNAN R
(INCOME TAX OFFICER)
(1736 Points)
Replied 31 January 2019
A person will be considered as senior citizen, if he attains the age of 60 at any during the relevant f. Y. Hence he'll be senior citizen for a. Y 2019-20
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