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Banking Sample Paper SBI Clerk Grade (Main) Sample Test Paper-5

  • question_answer
    According to the provisions of the Income Tax Act. 1961. A resident individual is categorized as a 'Very Senior Citizen,' when he is

    A)  80 years of age or older

    B)  75 years of age or older

    C)  90 years of age or older

    D)  85 years of age or older

    E)  65 years of age or older

    Correct Answer: A

    Solution :

     According to the provisions of the Income Tax Act, 1961. A resident individual who attains the age of 60 years at any time during a financial year is categorised as 'senior citizen. Further, according to the Act, an individual who is 80 years an individual is categorised as a Very senior citizen'. Needless to say, a very senior citizen also qualifies as senior citizen.


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