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NISM Certifications · NISM-Series-X-B: Investment Adviser (Level 2) · Tax Provisions for Special Cases

Under the Income-tax Act, an Indian resident individual who is a senior citizen is generally defined by age. Which age bracket correctly describes a 'super senior citizen' for income-tax purposes?

A super senior citizen is a resident individual who is 80 years or older at any time during the previous year. Those aged 60 or more but below 80 are ordinary senior citizens, so the 80-year threshold is the defining cut-off.

  1. AAged 60 years or more but below 80 years at any time during the previous year
  2. BAged 75 years or more during the previous year
  3. CAged 80 years or more at any time during the previous yearCorrect
  4. DAged 70 years or more at any time during the previous year

Explanation

A super senior citizen is a resident individual aged 80 years or more at any time during the previous year. The 60-to-below-80 bracket describes an ordinary senior citizen. The other ages are not thresholds in the Act for this classification.

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