My dad is a retired person and of course a senior citizen. This year he wants to save income tax by investing some amount in income tax saving scheme and he was looking for various options or methods to save income tax. There are lots of investment options to save income tax but as senior citizen there are many restrictions or problems attached with most of the methods.
I will discuss these problems later on in this article, but first of all let us see what are the income tax slabs for senior citizens. Continue reading “How senior citizens can save income tax”