News From Yellow Business Pages » rediff.com » How tax liability goes up for NRIs above 65

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rediff.com

• 

  How tax liability goes up for NRIs above 65

  Fetched: January 14th, 2008, 12:31pm EST

  Tags:    [edit]

  According to the Income Tax Act, there are two main benefits available for senior citizens. First, a higher exemption limit of Rs 1,95,000 for someone who has crossed 65 years. Also, there is a higher deduction of Rs 20,000 available for payment of premium for a medical or a health insurance policy.