IT EXEMPTION FOR SENIOR CITIZENS

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....T EXEMPTION FOR SENIOR CITIZENS <br>News and Press Release<br>Dated:- 24-11-2007<br><BR>Lok Sabha Income of senior citizens (including interest income) is exempt from tax upto a limit of Rs.1,95,000/....

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....- as compared to the normal limit of Rs.1,10,000/- in the case of any other man taxpayer and Rs.1,45,000/- in the case of any other woman taxpayer. No change in the existing dispensation is contemplat....

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....ed at present. This information was given by Shri S.S. Palanimanickam, Minister of State for Finance in reply to a question raised by Shri Rewati Raman Singh in the Lok Sabha today.<BR> News - Press....

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.... release - PIB....