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Issue ID: 991
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Clarification - treatment of age for senior citizen

Date 30 Dec 2008
Replies 3 Replies
Views 1679 Views
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. (AI Summary)

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.

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