Tax Glossary Definition
A senior citizen typically refers to an individual aged 60 years or above, who is formally recognized by the government or other institutions as being eligible for special age-based benefits or concessions. These may include higher tax reliefs, pension entitlements, medical benefits, or discounts on public services such as travel and utilities.
Example: Under Indian income tax law, a person who has reached the age of 60 qualifies as a senior citizen and is entitled to enhanced exemption limits and certain other financial advantages compared to younger taxpayers.
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