Claim: Senior citizens above 75, reliant on pensions and welfare programs, are exempt from income taxes and IT returns.
Fact-check: Indian government has not announced any tax exemption for senior citizens above 75 - FACTLY
Verdict: the government of india has not made any decision to exempt senior citizens above 75 years from paying taxes. however, effective from 01 april 2021, senior citizens above 75 years, with only pension and interest income, are exempt from filing itr. taxes, if applicable, are deducted by the specified bank after computing the income and eligible deductions. hence the claim made in the post is false.
Organisation: FACTLY
Author: Harshavardhan Konda
Date published: 2024-12-04T03:32:11