Income tax: "Senior citizens above 75 years of age will no longer have to pay tax": Is it true? Know what govt says
PIB Fact Check posted on its social media X account, «A message circulating on social media claims that as India commemorates 75 years of its Independence, senior citizens above 75 years of age will no longer have to pay taxes.» PIB Fact Check stated that it is a fake.
Which senior citizens are no longer required to file ITR?
'These People Will Not Have to Pay Tax': Is it true?
According to the fake message that is circulating through WhatsApp, «Central Government's Big Announcement — These People Will Not Have to Pay Tax. The Modi government will not have to pay tax to the senior citizens of the country, because on the completion of 75 years of India's independence, senior citizens above 75 years of age will no longer have to pay tax on their income. Senior citizens in India live on income from pensions and other schemer have to pay any tax on their income and they will not have to file income tax returns as senior citizens have been given exemptions in this. According to the information given by the Central Board of Direct Government has changed the law to provide tax exemption to senior citizens important changes between Rule 31. Rule 31A. Form 16 and 240, and citizen: 75 years of age will have to submit a 12-88A application to the bank to get tax exemption.»
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