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SENIOR CITIZEN FOR ITR
Pension is salary, family pension is not: Key tax rules pensioners must know before filing ITR for AY 2026-27Pension and family pension are taxed differently under the Income-Tax Act, yet many taxpayers continue to confuse the two while filing retu...- FD rate up to 8% for senior citizens investing for three years; Know list of banksSenior citizens can secure fixed deposit interest rates up to 8 percent for a three-year investment. Several small finance banks are offeri...
- FD rate up to 8.05% for senior citizens investing for five years; Know list of banksFor senior citizens looking to maximize their savings, attractive fixed deposit rates are still within reach. Suryoday Small Finance Bank p...
- 12 key income tax form changes every taxpayer should know: From Form 16 to Form 168A new Income-tax Act arrives on April 1, 2026. It brings fresh income tax forms and replaces many old ones. Taxpayers will use these new fo...
- Used meal card benefits? Form 12BA deadline alert: Why salaried employees must collect it by April 30 for filing ITR for AY 2026-27Salaried employees need to collect Form 123 from employers by April 30, 2026. This form details perquisites like meal card benefits. It is ...
- FD rate up to 8% for senior citizens investing for three years; Know list of banksSenior citizens can still secure fixed deposit (FD) interest rates up to 8.05% for a three-year term from select small finance banks, with ...
- Turning 60 this year? Senior citizen can file Form 121 to prevent TDS for the Tax Year 2026-27; Check how to avail and key details herePeople turning 60 at any point during the financial year can now claim senior citizen benefits for the full year while filing the new Form ...
- FD rate up to 8.05% for senior citizens investing for five years; Know list of banksSenior citizens can now secure fixed deposit interest rates as high as 8.05 percent for a five-year term. Several banks are offering this a...
- I am an OCI cardholder, will I need to pay tax on inherited assets in India?I am a German citizen, and have an OCI card. How will inheritance of assets located in India be taxed for me? Is the inheritance itself tax...
- Can your bank cut TDS on interest income? Income Tax Department clarifies Income-tax Act, 1925 ruleThe Income Tax Department has clarified eligible banks for TDS on interest under the new Income-tax Act, 2025, effective April 1, 2026. The...
- Golden years, golden rules: Your easy guide to tax freedom after 60
- Income Tax law for senior citizens and super senior citizens: What’s new for AY 2025-26The Income Tax Department has provided details on tax rules for senior and super senior citizens. For assessment years 2025-26 and 2026-27,...
- Senior Citizen Savings Scheme: How to save TDS on SCSS interest incomeSenior Citizen Savings Scheme: TDS is deducted when the interest on SCSS exceeds Rs 50,000 in a financial year. This TDS is deducted from t...
- Income tax return: Who is not required to file an ITR for FY2023-24?
- FD interest of up to 8.35% on senior citizen FDs maturing between one year and less than two years: List of banks offering best ratesFixed deposit: Senior citizens can get upto 8.35% interest rate on FDs maturing between one year and less than two years. There are many pr...
- Which senior citizens are no longer required to file ITR?Budget 2021 announced an exemption from the ITR filing process for senior citizens above a certain age. This exemption is available to seni...
- When is individual considered as ‘senior citizen’ for ITR filing purpose?Under the income tax laws, an individual is considered as a senior citizen or super senior citizen provided, he/she has crossed the specifi...
- Senior citizens want Budget 2023 to hike income tax deductions, free 60 plus from ITR filing burdenAmid high inflation and rising cost of healthcare, senior citizens are hoping for a slew of measures from Finance Minister Nirmala Sitharam...
- Senior citizens aged 75 and above are not exempted from ITR filing this yearAs per the memorandum to the Budget 2021, "In order to provide relief to senior citizens who are of the age of 75 years or above and to red...
- Missed ITR deadline? File it before December 31 to avoid paying higher penaltyThe law of levying late filing fees under section 234F became effective from the financial year 2017-18 or assessment year 2018-19 onward. ...
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