11 Replies
k n v v s k sri kanth
( )
(564 Points)
Replied 29 September 2010
Well i say at all the cases the individual should be treated as a senior citizen and the slab rates are for F.Y.2010-11:
New Income Tax Slabs/Rates for Resident Senior Citizens (FY 2010-11):
Up to Rs 2,40,000-----------------> No tax / exempt
2,40,001 to 5,00,000-------------> 10%
5,00,001 to 8,00,000-------------> 20%
Above 8,00,000-------------------> 30%
Note: Slab rates remains same for both men and woman..........
(here date of birth arrives at 31/3/2010 suppose, then he has already attained his age of 65 on previous day i.e., 30/3/2010 so he is in 66th year running on 31/3/2010. So, he is a senior citizen acc. to I.T.ACT)
Regards
MudraMantri
(Wantapreneur)
(491 Points)
Replied 29 September 2010
Senior citizen means the person who has attained the age of 65 years at any time during the PY and includes a person who is above the age of 65 years. Further the act does not make any diff between a senior women and a senior men, therefore the taxable limit will be same for both of them which is 2,40,000 Rs for py 2009-10
sachin kakkar
(CA)
(188 Points)
Replied 29 September 2010
New Income Tax Slabs/Rates for Resident Senior Citizens (FY 2010-11):
Up to Rs 2,40,000-----------------> No tax / exempt
2,40,001 to 5,00,000-------------> 10%
5,00,001 to 8,00,000-------------> 20%
Above 8,00,000-------------------> 30%
Santosh
(Student ( Final Year - New ))
(348 Points)
Replied 29 September 2010
| Originally posted by : k n v v s k sri kanth | ||
 |
Well i say at all the cases the individual should be treated as a senior citizen and the slab rates are for F.Y.2010-11: New Income Tax Slabs/Rates for Resident Senior Citizens (FY 2010-11): Up to Rs 2,40,000-----------------> No tax / exempt 2,40,001 to 5,00,000-------------> 10% 5,00,001 to 8,00,000-------------> 20% Above 8,00,000-------------------> 30% Note: Slab rates remains same for both men and woman.......... (here date of birth arrives at 31/3/2010 suppose, then he has already attained his age of 65 on previous day i.e., 30/3/2010 so he is in 66th year running on 31/3/2010. So, he is a senior citizen acc. to I.T.ACT) Regards |
 |
CA Ayush Agarwal
(Kolkata-Pune-Mumbai)
(27186 Points)
Replied 29 September 2010
In UR All Cases Senior Citizen Slab is Applicable
NITIN BHATIA
(CA FINAL)
(188 Points)
Replied 29 September 2010
New Income Tax Slabs/Rates for Resident Senior Citizens (FY 2010-11):
Up to Rs 2,40,000-----------------> No tax / exempt
2,40,001 to 5,00,000-------------> 10%
5,00,001 to 8,00,000-------------> 20%
Above 8,00,000-------------------> 30%
karan challani
(article)
(82 Points)
Replied 29 September 2010
i agree with k n v v s k sri kanth...
k n v v s k sri kanth
( )
(564 Points)
Replied 29 September 2010
| Originally posted by : shruti | ||
|
|
pl adv for women below 65 yrs. |
|
New Income Tax Slabs/Rates for Resident Women (below the age of 65 years) (FY 2010-11):
Up to Rs 1,90,000-----------------> No tax / exempt
1,90,001 to 5,00,000-------------> 10%
5,00,001 to 8,00,00--------------> 20%
Above 8,00,000------------------> 30%
New Income Tax Slabs/Rates for Others & Men (FY 2010-11):
Up to Rs 1,60,000 ------------------> No tax / exempt
1,60,001 to 5,00,000---------------> 10%
5,00,001 to 8,00,000--------------> 20%
Above 8,00,000--------------------> 30%
k n v v s k sri kanth
( )
(564 Points)
Replied 29 September 2010
thnx for those who supported my answer:
Harpreet
Santosh
karan challani
Recent Topics
- Extended Date of GSTR-1 for the month of July 2020
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF UNCLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
Related Threads
CAclubindia
