Income tax

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  1. Manjunath N S

    Manjunath N S New Member

    Is the investment of Rs150000/- under Senior Citizen Saving Scheme in Nationilized banks eligible for exemption under section 80C?
     
  2. ZED

    ZED Well-Known Member

    Yes, it is eligible

    80C(2)(xxiii) in an account under the Senior Citizens Savings Scheme Rules, 2004;
     
  3. nikhil9090

    nikhil9090 Member

    The correct option for this. Q4 exemption from payment of advance tax under section 207 is also available to anon-resident senior citizen (i,e., an individual of the page of 60 years or above) not having any income from business or profession.
     
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