Income Tax Standard Deduction 2024 For Seniors. Section 194p of the income tax act, 1961 provides conditions for exempting senior citizens from filing income tax returns aged 75 years and above. The indian government provides specific tax.
The bank is a ‘specified bank’ as notified by the central government. For senior citizens (above 60 years but below 80 years) and super senior citizens (80 years of age and above), the basic tax exemption limit is rs 3 lakh and rs 5 lakh, respectively.
Income Tax Standard Deduction 2024 For Seniors Images References :
