Some of the tax exemptions available to Senior Citizens are on government pension, agriculture income ( from unprocessed products ) such as tea, rubber, coconut and cash crops, interest income on deposits made in state banks up to Rs. 2,00,000/- per annum. Interest from Treasury bills and Treasury Bonds, capital gains on sale of shares, lands and buildings and income from investments made in tax free ventures.
The first of a series of seminars organized by Sunrise Seniors Pvt Ltd , an organization dedicated to providing home stay services for elders, will feature former Commissioner of the Inland Revenue Department, Mr. Sivasubramaniam B.Sc ( Hons)who currently serves as Tax Director to SJMS.
