Budget 2010 gave senior citizens a health booster in the form of a uniform, concession of 5% duty on all medical appliances. Currently they enjoy a tax exemption for an income limit of Rs 240,000.
Current tax slab for senior citizensTaxable income (in Rs) | Rate (%) |
Up to 240,000 | Nil |
240,001 - 500,000 | 10 |
500,001 - 800,000 | 20 |
800,001 upwards | 30* |
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The senior citizens
first published: Jan 27, 2011 08:19 pm
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