Civil Services HPPSC (Himachal Pradesh) HPAS Mock Test 2021 General Knowledge Economy Money and Banking
With respect to direct tax proposals regarding senior citizens in the budget 2021- 22, which of the following statements is correct?
1
Senior citizens aged 70 and above are exempt from paying income tax.
2
Senior citizens aged 80 and above are exempt from filing income tax returns.
3
Senior citizens aged 60 and above, whose only source of income is pension and interest are exempt from paying income tax.
4
Senior citizens aged 75 and above, whose only source of income is pension and interest are exempt from filing income tax returns.