Tax Rebates

• The senior members of the society who are liable to pay taxes to the Indian Income tax department for the tax rebate slabs that are marked for senior tax payers. As per the financial budget for the year 2008-09 that was formalized on 29th February 2008, the base of the slab for paying tax by senior citizens has been listed as Rs 2.25 lakhs annually. The minimum age requirement for getting this slab tax rebate is 65 years as decided by Indian Income tax department.

• The advantage of Section 80C that forms the part of Income Tax Act, 1961 is for the savings done in the Post office of Indian Government for a period of 5 years that are made for the Senior Citizens Savings Scheme that was made operational since 1st July 2007.

MCD Delhi

• There is a special counter that provides the facility of submitting the property tax by

• A person who is of age 65 years or above holds the property solely has been granted adiscount of 30 percent on the total property tax for the covered building that is of an area of 100 sq.mts. The property must be singly owned by the senior citizen of age 65 and above.