The basic exemption limit applicable to the super senior
citizen (Resident in India) Individual during the previous
year

Question

The basic exemption limit applicable to the super senior
citizen (Resident in India) Individual during the previous
year 2020-21 is: (assuming assessee has not opted for
Section 115BAC of the Income tax Act, 1961).
Rs. 2,50,000
Rs. 3,00,000
Rs. 5,00,000
Nil​

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Josie 4 months 2021-07-06T16:34:17+00:00 1 Answers 0 views 0

Answers ( )

    0
    2021-07-06T16:36:02+00:00

    Answer:

    A new category of Very Senior Citizens, 80 years and above, has been created who will be eligible for a higher exemption limit of Rs. 5,00,000. Senior citizen above the age of 80 years are entitled to higher exemption Limit of Rs. 5,00,000 from A.Y.

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