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At what age the person is treated as senior citizen under Income-Tax Act?

Writer Aria Murphy

60 years
At what age a person will qualify as a senior citizen and very senior citizen under the Income-tax Law? Must be of the age of 60 years or above but less than 80 year at any time during the respective year.

What is the rule for senior citizens?

While to qualify as a very senior citizen the person must be of the age of 80 years or above at any time during the respective year. Benefits available under the Income-Tax law to senior citizen: 1.

What is the standard deduction for senior citizens in 2019 in India?

A standard deduction up to Rs 40,000 was introduced in Union Budget 2018 in lieu of exemptions that were allowed earlier viz. transport allowance and the reimbursement of miscellaneous medical expenditures.

What is the age for senior citizen for ladies?

58 years
(i) As per rules, male senior citizens of minimum 60 years and lady senior citizens of minimum 58 years are granted concession in the fares of all classes of Mail/Express/Rajdhani/Shatabdi/Jan Shatabdi/Duronto group of trains. The element of concession is 40% for men and 50% for women.

When does a person become a senior citizen?

A person becomes senior citizen under Income Tax Act in any year after attaining the age of 60 even for one day. Once he attains 60 years, his status as senior citizen in that financial year, gives him some relief.

When was senior citizen card stolen in Bangalore?

If you are a senior citizen above 60 years living in Bangalore, here are some details on the Senior Citizen Card, with a personal anecdote from author and naturalist Deepa Mohan. My Senior Citizen card was stolen, along with other documents, on 23rd June 2016 on a bus (Route no. 366) between Richmond Circle and MICO Checkpost bus stop in Bangalore.

When do you become a senior citizen in India?

Articles Discusses Income Tax Benefits Available to Senior Citizens in India. A person becomes senior citizen under Income Tax Act in any year after attaining the age of 60 even for one day.

Is there a senior citizens cell in Delhi?

Delhi Police has a special dedicated Senior Citizens Cell which works for the safety and well being of the senior citizens of the National Capital Territory of Delhi. Following are the objectives of this cell: Coordinate safety & security of Senior Citizens with the help of Area Police.