{"id":6355,"date":"2023-10-24T09:53:07","date_gmt":"2023-10-24T09:53:07","guid":{"rendered":"https:\/\/www.caindelhiindia.com\/blog\/?p=6355"},"modified":"2023-10-24T10:03:11","modified_gmt":"2023-10-24T10:03:11","slug":"super-senior-citizen","status":"publish","type":"post","link":"https:\/\/www.caindelhiindia.com\/blog\/super-senior-citizen\/","title":{"rendered":"Tax Benefits available to super senior citizen &#038; senior citizen"},"content":{"rendered":"<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-6358\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/10\/Tax-calculated-for-Senior-Citizens...jpg\" alt=\"Tax calculated for Senior Citizens..\" width=\"1073\" height=\"369\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/10\/Tax-calculated-for-Senior-Citizens...jpg 1073w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/10\/Tax-calculated-for-Senior-Citizens..-300x103.jpg 300w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/10\/Tax-calculated-for-Senior-Citizens..-1024x352.jpg 1024w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/10\/Tax-calculated-for-Senior-Citizens..-768x264.jpg 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/10\/Tax-calculated-for-Senior-Citizens..-800x275.jpg 800w\" sizes=\"(max-width: 1073px) 100vw, 1073px\" \/><\/h2>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d4871cc8c07\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d4871cc8c07\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.caindelhiindia.com\/blog\/super-senior-citizen\/#Tax_Advantage_available_to_super_senior_citizen_senior_citizen\" title=\"Tax Advantage available to super senior citizen &amp; senior citizen. \">Tax Advantage available to super senior citizen &amp; senior citizen. <\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.caindelhiindia.com\/blog\/super-senior-citizen\/#Who_is_classify_as_super_senior_citizen_senior_citizen\" title=\"Who is classify as super senior citizen &amp; senior citizen? \">Who is classify as super senior citizen &amp; senior citizen? <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.caindelhiindia.com\/blog\/super-senior-citizen\/#What_are_the_Income_Tax_Basic_exemption_limits_for_super_senior_citizen_senior_citizen\" title=\"What are the Income Tax Basic exemption limits for super senior citizen &amp; senior citizen? \">What are the Income Tax Basic exemption limits for super senior citizen &amp; senior citizen? <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.caindelhiindia.com\/blog\/super-senior-citizen\/#What_are_the_Advance_Tax_benefit_available_for_super_senior_citizen_senior_citizen\" title=\"What are the Advance Tax benefit available for super senior citizen &amp; senior citizen? \">What are the Advance Tax benefit available for super senior citizen &amp; senior citizen? <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.caindelhiindia.com\/blog\/super-senior-citizen\/#What_are_the_other_benefit_available_for_super_senior_citizen_senior_citizen\" title=\"What are the other benefit available for super senior citizen &amp; senior citizen? \">What are the other benefit available for super senior citizen &amp; senior citizen? <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.caindelhiindia.com\/blog\/super-senior-citizen\/#Tax_calculated_for_Senior_Citizens\" title=\"Tax calculated for Senior Citizens:\">Tax calculated for Senior Citizens:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.caindelhiindia.com\/blog\/super-senior-citizen\/#The_Tax_calculated_for_Very_Senior_Citizens\" title=\"The Tax calculated for Very Senior Citizens:\">The Tax calculated for Very Senior Citizens:<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Tax_Advantage_available_to_super_senior_citizen_senior_citizen\"><\/span><span style=\"color: #000080;\"><strong>Tax Advantage available to super senior citizen &amp; senior citizen. <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Who_is_classify_as_super_senior_citizen_senior_citizen\"><\/span><span style=\"color: #000080;\"><strong>Who is classify as super senior citizen &amp; senior citizen? <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans :. Income Tax definition of super senior citizen &amp; senior citizen: Individual resident who is of the age of Sixty years or above, but less than 80 years is a Senior Citizen. An individual resident who is of the age of eighty years or above is a Super Senior Citizen.<\/strong><\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_Income_Tax_Basic_exemption_limits_for_super_senior_citizen_senior_citizen\"><\/span><strong><span style=\"color: #000080;\">What are the Income Tax Basic exemption limits for super senior citizen &amp; senior citizen?<\/span> <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans :. Income Tax Basic exemption limits: For Senior Citizens the basic exemption limit is fixed at a figure of INR 3,00,000\/-. For Super Senior Citizens, the basic exemption limit is fixed at INR 5,00,000\/-. <\/strong><\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_Advance_Tax_benefit_available_for_super_senior_citizen_senior_citizen\"><\/span><strong><span style=\"color: #000080;\">What are the Advance Tax benefit available for super senior citizen &amp; senior citizen?<\/span> <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans :. Advance Tax Advantage: A resident super senior citizen &amp; senior citizen need not pay any advance tax, provided he does not have any income under the head PGBP. <\/strong><\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_other_benefit_available_for_super_senior_citizen_senior_citizen\"><\/span><span style=\"color: #000080;\"><strong>What are the other benefit available for super senior citizen &amp; senior citizen? <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>\u00a0Ans :. Following are the Basic Benefit available for super senior citizen &amp; senior citizen: <\/strong><\/p>\n<ul>\n<li><strong>Interest income: A super senior citizen &amp; senior citizen can claim a deduction upto INR 50,000\/- u\/s 8OTTB in respect of savings bank accounts interest income, bank deposits interest income earned, or any deposit interest income with the co-operative banks or post office.<\/strong><\/li>\n<\/ul>\n<ul>\n<li><strong>Advantage of Income Tax u\/s 80D: Deduction u\/s 80D in respect of payment made for health insurance premium in respect of a super senior citizen &amp; senior citizen has been permissible at INR 50k.<\/strong><\/li>\n<li><strong>No needed to submit Income Tax Returns: Below class of Senior Citizens are not required to submit their Income Tax Returns: \u2014 Resident Senior Citizens, Seventy five years or above &amp; having only interest income &amp; pension income only from account with a Indian bank in which they receive pension &amp; interest income.<\/strong><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Tax_calculated_for_Senior_Citizens\"><\/span><span style=\"color: #000080;\"><strong>Tax calculated for Senior Citizens:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-6357\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/10\/Sn-citizen-.png\" alt=\"Tax calculated for Senior Citizens\" width=\"960\" height=\"517\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/10\/Sn-citizen-.png 960w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/10\/Sn-citizen--300x162.png 300w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/10\/Sn-citizen--768x414.png 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/10\/Sn-citizen--800x431.png 800w\" sizes=\"(max-width: 960px) 100vw, 960px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_Tax_calculated_for_Very_Senior_Citizens\"><\/span><span style=\"color: #000080;\"><strong>The Tax calculated for Very Senior Citizens:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-6356\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/10\/Most-SR-citen-.png\" alt=\"Tax calculated for Very Senior Citizens:\" width=\"962\" height=\"522\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/10\/Most-SR-citen-.png 962w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/10\/Most-SR-citen--300x163.png 300w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/10\/Most-SR-citen--768x417.png 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/10\/Most-SR-citen--800x434.png 800w\" sizes=\"(max-width: 962px) 100vw, 962px\" \/><\/p>\n<ul>\n<li><strong>Income Tax Returns: A super senior citizen aged eighty years or above filing his return of income in SUGAM (ITR-4) or Form SAHAJ (ITR-1) &amp; having Gross total income of more than INR 5,00,000\/- or having a Income Tax refund claim, can submit ITR in hard copy or paper mode rather than online mode. <\/strong><\/li>\n<li><strong>Income Tax Form 15H: A super senior citizen &amp; senior citizen may file Income Tax form no.15H to the deductor for non-deduction of Tax deduction Source on few class of incomes referred to in that section, if the tax on taxpayer estimated total income for the respective year comes at NIL.<\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Tax Advantage available to super senior citizen &amp; senior citizen. Who is classify as super senior citizen &amp; senior citizen? Ans :. Income Tax definition of super senior citizen &amp; senior citizen: Individual resident who is of the age of Sixty years or above, but less than 80 years is a Senior Citizen. An individual &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[173],"tags":[737,549],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/6355"}],"collection":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/comments?post=6355"}],"version-history":[{"count":2,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/6355\/revisions"}],"predecessor-version":[{"id":6360,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/6355\/revisions\/6360"}],"wp:attachment":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/media?parent=6355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/categories?post=6355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/tags?post=6355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}