Tax rate for Very Senior Citizens

As per the new Tax Rule for Very Senior Citizens (citizens of age 80 and above), the Taxable income is only if above Rs.5/- lacs per year and is applicable only to Resident Individual Assessees. Can u pls explain why this is denied for Very Senior Citizens of Indian Origin (NRIs/PIOs)?

Anicha

asked Jul 15 '12 at 14:20 by Anicha 1●1

One Answer:

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This is a Govt policy decision and we can't say why it has been denied.

answered Jul 18 '12 at 10:29 by Pankaj Batra 5.2k●3●20

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Tags:

income-tax ×778
taxable-income ×38
non-resident-indian ×29
very-senior-citizen ×1

Asked: Jul 15 '12 at 14:20

Seen: 1,997 times

Last updated: Jul 18 '12 at 10:29

Tax rate for Very Senior Citizens

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