Select Page
Income Tax Calculation for Senior Citizens

Income Tax Calculation for Senior Citizens

Senior citizens income from a variety of sources, including pensions, fixed deposits, savings interest, and rental income. Under the Income Tax Act 1961, income tax on senior citizens includes all sources of taxable income or income earned in a particular financial...
Income Tax Slab for Senior Citizens (2023 Rates)

Income Tax Slab for Senior Citizens (2023 Rates)

There are several ways for seniors to earn income. It can take the form of pension, savings interest, rental income, term deposits, reverse mortgages, and more. This income is taxable under the Income Tax Act. From 2020-21, salaried individual taxpayers and pensioners...