tax rebate for senior citizens 2014

Personal Income-tax exemption limit raised by Rs 50,000/- that is, from.
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Tax Benefits available to senior citizens: Click to see changes made by Budget 2015-16 The various relaxation, reliefs and benefits bestowed upon the senior citizens are as under:.
Withdrawals allowed after 7 years. .While discussing about income tax brackets for Senior Citizens aged between 60 years and 80 years, the following income tax slabs has been being applied till 31st March, 2015: Income Tax slabs for Senior Citizens (Men and Women above 60 years of age but below.Deduction shall be allowed in computing the total income in respect of the initial assessment year* and seven assessment years immediately succeeding the initial assessment year or until the interest is paid by the assessee in full, whichever is earlier. .2,50,000, nil, nil, nil, nil.Filing of income tax is compulsory for all individuals whose gross annual income exceeds the maximum amount which is not chargeable to income tax (e.g.We give below the.The Income Tax laws provides for taxes on long-term capital gains at 20 per cent for individuals and foreign firms and 30 per cent for domestic companies.



10,815/- saved on investment.35,000/- (Inclusive.
Share your views about income tax tariff changes for Senior Citizens (Men and Women above 60 years of age but below 80 years in Indian Union Budget 2015-16.
On the other hand, State Bank of India, offers SBI Capgains Plus Scheme where lock-in period is absent, a slightly higher interest rate compared to the capital gain tax saving bonds is offered. .II dated March 31, 2015, advised the rate of interest on various small savings schemes for the financial year 2015-16.80C Across all income slabs Upto.Any one can answer on question posted by Readers Name: * Email: * Message.Calculate premium, let your money work for you with hdfc Life Click 2 Invest ulip.1,50,000/- Now under Section 80CCD, a deduction of upto.




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