What is senior citizen age limit and under which section?
Hi Senior citizen age limit in Indian context – Being a Senior Citizen generally means some concessions and benefits. Generally Senior Citizen age is any one who is above 60 years of age. This holds good for Railway, Airlines booking. For higher rate of interest on deposits in any bank or post office scheme, again it is a person above 60 years. Under the Income Tax Act, a senior citizen is a person who at any time during the previous year has attained the age of 65 years or more. There are certain benefits available to senior citizen under the Income Tax Act. Tax Exemption is available up to Rs.2,40,000 for the financial year 2009-10. You can also refer to the law passed in 2007 regarding old parents and senior citizens in India at – http://www.voice4india.org/wp-content/up… Good luck.
