Tax deduction at source for specified senior citizens: banks must compute total income after deductions and deduct tax accordingly. Specified banks must, after giving effect to deductions under Chapter VI-A and the rebate under section 87A, compute a specified senior citizen's total income for the relevant assessment year and deduct income-tax on that total income at rates in force; the specified senior citizen is not required to file a return for that assessment year where tax has been so deducted.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax deduction at source for specified senior citizens: banks must compute total income after deductions and deduct tax accordingly.
Specified banks must, after giving effect to deductions under Chapter VI-A and the rebate under section 87A, compute a specified senior citizen's total income for the relevant assessment year and deduct income-tax on that total income at rates in force; the specified senior citizen is not required to file a return for that assessment year where tax has been so deducted.
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