CBDT has issued a Circular/ Clarification regarding attaining prescribed age of 60 years/ 80 years on 31st March itself, in case of Senior/Very Senior Citizens whose date of birth falls on 1st April, for purposes of Income-tax Act, 1961​.

Do senior citizens have to pay income tax?

When Seniors Must File Taxes For the tax year 2019, you will need to file a tax return if you are not married, at least 65 years of age, and your gross income is $13,850 or higher. If this is solely the income you receive, then your gross income comes out to zero, and you won’t have to file a federal income tax return.

Who is senior citizen as per Income Tax Act?

Before knowing the Income Tax Slab for Senior Citizen it is important to know who is Senior Citizen. Who is Senior Citizen as per Income Tax Act? An Individual resident is considered a Senior Citizen between the age group of 60 to 80 years, as on the last day of the previous financial year.

How old do you have to be to get a senior citizen tax exemption?

It may be noted that Higher tax exemption limits have been prescribed for resident senior/ very senior citizen taxpayers who have attained the age of 60/ 80 years, at any time during the relevant previous year (i.e. from 1 April to 31 March). Senior Citizen Meaning

Who is a senior citizen under income tax rules India?

Let us explain with simple examples about Senior Citizen under Income Tax Act in India below: Mr. Aarav, a resident of India attained the age of 60 years during the financial year 2016-17. Will he qualify as Senior Citizen under Income Tax rules for the financial year 2016-17?

How old do you have to be to be a senior citizen in Canada?

It may be noted that Higher tax exemption limits have been prescribed for resident senior/ very senior citizen taxpayers who have attained the age of 60/ 80 years, at any time during the relevant previous year (i.e. from 1 April to 31 March).