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Demystifying Section 68 to 69C of the Income tax Act, 1961
FY 2011-12 ke liye Super Senior Citizen taxpayer ki date of brith kya honi cahiaye.
He/She should have been born in F.Y.1931-32.
Or earlier.
Tarun ji,
A new bracket for the people above 80 yeras of age has been added from AY 2012-13.
To claim under this slab the assessee should have born on or before FY 1931-32.
What is the Basic exemption Tax slab limit in case of Super Senior Citizen?
NIdhi ji,
Slab rates for Super senior citizen:
upto Rs.5,00,000 0%
5 lacs to 8 lac 20%
8 lac & above 30%
Thanks Balaji & Ketan Waghela
Super senior citizen concept is applicable from a.y. 2012-13.
Under this concept age of the citizen should be more than 80 years.
upto 5 lakhs - tax nil
5lacs to 8 lacs - 20%
above 8 lacs - 30%
slab of 10% is not applicable for super senior citizen
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