Can a Sr. Citizen still make payment of tax for assessment year 24-25.
D. M. Puri (Service) 30 June 2024
Can a Sr. Citizen still make payment of tax for assessment year 24-25.
T. Kalaiselvan, Advocate (Advocate) 30 June 2024
If your income is coming within the bracket of taxable income then you are liable to pay the applicable income tax as and when it is due to be paid and file the ITR accordingly.
kavksatyanarayana (subregistrar/supdt.(retired)) 30 June 2024
If your income does not exceed the limit you will be exempted for senior citizens, otherwise, you have to pay income tax.
Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 02 July 2024
For senior citizens (aged 60 years and above but below 80 years) the basic income exemption limit is of Rs 3 lakh. For super senior citizens (aged 80 years and above), the basic income exemption limit is Rs 5 lakhs.
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