Make the most of higher tax deductions to senior citizens, say experts

Those over 60 need not file ITR if any tax has been deducted under Section 194P

The last date for filing income-tax return (ITR) is July 31, 2022, so taxpayers should begin gathering the relevant documents and familiarising themselves with tax-filing rules. Senior citizens, in particular, are one set of taxpayers to whom a different set of rules apply.

Suresh Surana, founder, RSM India says, “A resident individual aged 60 years or above, who has not attained 80 years of age during the previous year, is considered a senior citizen for income-tax purposes. A resident individual aged 80 years or above is considered a super senior citizen.”

Select the right forms

Senior citizens can use ITR-1 to ITR-4 to