Who is a very Senior Citizen under Income Tax rules India?

 

What is the age criteria for very senior citizens under Income Tax Act of India?


This post explains about the term Very Senior Citizen under Income Tax Rules of India.

Who is eligible to claim Income Tax exemption under the term very Senior Citizen? What is the age limit to become a very senior citizen in India under Income Tax rules?

Any Indian resident citizen whose age is 80 years or above at any time during the respective year falls under the term very Senior Citizen under Income Tax Rules.

Let us explain with simple examples to make you easily understand about very Senior Citizen under Income Tax Act in India below:

Example 01:

Mr. Aditya, a resident of India attained the age of 80 years during the financial year 2016-17. Will he qualify as very Senior Citizen under Income Tax rules for the financial year 2016-17?

Yes, since Mr. Aditya is a resident and he attained the age of 80 years during the year 2016-17, he will be treated as a very senior citizen under the Income-tax Law for the financial year 2016-17.

Example 02.

Mr. Arjun, an India now 80 years residing in Dubai during this financial year 2016-17. Will he fall under the definition of very Senior Citizen under Income Tax Rules of India?

The answer is no. Because, as per Income Tax Rules, an Indian citizen who attains the age of 80 years must be a resident of India.

Hope, the above information clearly explains about very Senior Citizen under Income Tax Act of India.


The above information explains about the term VERY SENIOR CITIZEN under Income Tax Rules of India. Share below your thoughts about very Senior Citizen under Income Tax Act of India.

Who is a senior citizen under Income Tax rules India? 

Financial Year under Income Tax rules 

Assessment year as per Income Tax rules in India 

Income Tax Slabs in India for the year 2016-17 

Income Tax Slab for Individuals for the year 2016-17 

Income Tax Slab for India citizens aged above 80 years 

Income Tax slab for Senior Citizens for current year 

Difference between Senior Citizen and Very Senior Citizen 

Difference between Assessment year and Financial year 

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