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Compared to other foreign countries such as USA and UK, India gives less benefits to senior citizen.

Those who are 65 and above are permitted to pay tax of up to Rs.10000 less than the others. This rebate will, from next year, be enhanced to Rs.15000. Thus, if the tax works out to above Rs.15000, one would deduct Rs.15000 and pay only the balance amount as tax.

Individuals aged 65 years and above(senior citizens), not engaged in any business or profession will not be required to file a return even if they meet the criteria on ownership of immovable property or subscription of a telephone. However, they will have to file a return under the scheme if they fulfill any of the other four criteria.

Please check the link given below for complete detail of benefits for senior citizen

2006-12-28 02:33:12 · answer #1 · answered by Anonymous · 0 0

it is 30 % of fare

2006-12-28 05:59:09 · answer #2 · answered by sk 3 · 0 0

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