Adding further, many senior citizens mistakenly assume that filing returns isn't necessary if tax is already deducted at ...

The Income Tax Department has introduced specialised ITR forms specifically to cater to the needs of senior citizens, allowing for the seamless claiming of eligible exemptions and deductions. These ...

Senior citizens are given an exemption limit up to Rs 3,00,000 while very senior citizens (people above the age of 80) have a higher limit of Rs 5,00,000 available. The exemption limit for a non ...

The income tax department has notified declaration forms to be filed by senior citizens aged 75 years and above with the banks to get exemption from filing I-T return for fiscal year 2021-22.