Even before fake news or misinformation related to the Government of India is busted by the Press Information Bureau (PIB), something else starts getting circulated on social media platforms or dubious news portals.
Now a message circulating on social media claims that as India commemorates 75 years of its Independence, senior citizens above 75 years of age will no longer have to pay taxes.
“Central Government’s Big Announcement – These People Will Not Have to Pay Tax,” states the social media message.
It further says, “Senior citizens in India live on income from pension and other schemes. However, on the occasion of 75 years of India’s Independence, senior citizens will no longer have to pay any tax on their income and they will not have to file any income tax return.”
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“According to the information given by the Central Board of Direct Taxes, the Government has changed the law to provide exemption to senior citizens ….,” the message adds.
Busting this fake social media message, PIB — in the PIBFactCheck — says, “The claim regarding senior citizens above 75 years of age NOT HAVING TO PAY TAXES is FAKE!”
PIB further clarifies that Senior citizens above 75 years, with only pension and interest income, are exempt from filing ITR (as per Section 194P). ✔️Taxes, if applicable, are deducted by the specified bank after computing the income and eligible deductions.
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