Mysore/Mysuru: An awareness programme was held for senior citizens on optimising income tax relief recently where Chartered Accountant Keshav Dongre delineated various provisions of the Income Tax Act, urging attendees to stay informed.
The talk was organised by the Elder Citizens Council in Jayalakshmipuram. Dongre advised seniors with annual incomes below Rs. 7 lakh to leverage full tax exemptions under the latest scheme. However, those exceeding this threshold, in addition to benefiting from a Rs. 50,000 rebate for standard deduction, may face taxes from lower slabs.
