Senior citizens of 75 yrs and above need not file Income Tax returns (ITR) if pension, FD interest arise in same bank
Senior citizens of 75 years and above having pension income and interest from fixed deposit in the same bank would not be required to file income tax returns for the financial year beginning April 1.
Finance Minister Nirmala Sitharaman said that in the 75th year of Independence of our country, the government shall reduce compliance burden on senior citizens who are 75 years of age and above. Source: PTI