Sunday, June 28, 2009

No tax upto 220000 earning of senior citizen

If you are senior citizen and your age is more than 65 , then your earning of 220000 is out of from any income tax liability . According to new rates of income tax . Senior citizen's pension is only taxable if it is more than Rs. 220000 . But in both situation , senior citizen has to file return in assessment year 2009 to 2010 .


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