The tax exemption limit for a resident senior citizen is —

CS Executive · Tax Laws and Practice · PYQS · December 2014
The tax exemption limit for a resident senior citizen is —
(A) Upto ₹2,00,000
(B) Upto ₹5,00,000
(C) Upto ₹1,80,000
(D) Upto ₹2,50,000.

Answer & Explanation:

Correct Answer: Option (D)

Correct answer: (D) Upto ₹2,50,000.. This answer applies to the historical law and assessment-year context of this December 2014 paper; later amendments may differ.

Topics: Income Tax Act, 1961

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