As per Income Tax Slab 2012 – 13 there is minor change for Income Tax Limit for Senior Citizen. In order to be eligible for Senior Citizens, person age should be at least 60 years or above but at the same time it should be less than 80 years.
What is the senior citizen age for income tax?
Answer: 60 or 60+ Years but less than 80 years.
Here is quick overview of Income Tax Slab for Senior Citizen:
|Income Tax Slab||Tax Rates|
|Rs 0 to Rs 2,50,000||No tax|
|Rs 2,50,001 to Rs 5,00,000||10%|
|Rs 5,00,001 to Rs 10,00,000||20%|
|Above Rs 10,00,000||30%|