No proposal on income tax relief for senior citizens under consideration: Centre

The cardinal authorities said connected Monday that nary connection to supply an income taxation alleviation to elder citizens is nether consideration. A fig of proposals seeking amendments successful the Income-tax Act, are received each twelvemonth as part of the Budgetary exercise, and are deliverated upon, Minister of State for Finance Pankaj Chaudhary submitted successful the Lok Sabha—the little location of Parliament. The results of specified deliberations are  reflected successful the Finance Bill presented that year, helium informed the Lok Sabha. 

"No specified connection is presently nether consideration," said Chaudhary.

The Minister was responding to the pursuing 3 questions: 

• Have immoderate States Elders’ Welfare Associations sought an income taxation revision for senior citizens from the existent fiscal year? 
• WIll the authorities proposes to supply a taxation rebate to elder citizens till yearly income of Rs 7.5 lakh, and to levy 5 per cent income taxation up to yearly income of Rs 10 lakh?
• Will the taxation deduction for the nationalist redeeming certificate concern for elder citizens be revised from Rs 1.5 lakh to Rs 3 lakh from this fiscal year?