Clarification - treatment of age for senior citizen

[ASHISH DESAI]

When to treat the person as Senior Citizen? On Completion of the age of 65 years or on attaining the age of 65 years i.e. on completion of 64 years during the previous year so as to pay tax on taxable income exceeding Rs.225,000/-. kindly clarify the issue.

[Surender Gupta]

In schedule first of the Finance Act, 2008 (similar to previous Finance Acts) there is no word like "senior citizen". It states as : "In the case of every individual, being a resident in India, who is of the age of sixty-five years or more at any time during the previous year,-". Therefore, this phrase is sufficient to solve your query.

[DEV KUMAR KOTHARI]

In relevant FA's and also in sections like 88B words used are "who is of the age of sixty-five years or more at any time during the previous year". Therefore,the person must have completed 65 years at any time during the PY. Even if he completes 65 years on 31st March of the PY he will be eligible. Before completion of 65 years his age will be less than 65 years say 64 years 11 months and 30 days. On the next day only he can say that he is of age of 65 years.

[loknath seshadri]

In my opinion since the section speaks of attaining the age of 65, it is not required the age to be completed 65. Generally age is referred the completed yearlike the year is over it is said as 1 year old. Since the section provides the attainment of age it is sufficient if the assessee steps into 65 during the previous year for the relevant Asst year.

AI Summary

Senior citizen age threshold: attaining sixty-five during the previous year suffices for tax senior-citizen status. An individual is treated as a senior citizen for tax purposes if they are 'of the age of sixty-five years or more at any time during the previous year.' Attaining the age of sixty-five on any day within the previous year-including on the last day-satisfies the age criterion and renders the person eligible for senior-citizen tax provisions for the relevant assessment year.