A viral post on social media claims that as India celebrates 75 years of Independence, senior citizens above 75 years of age are exempted from paying taxes.
A Facebook post has shared the claim with a caption: Central government’s Big Announcement — These People Will Not Have to Pay Tax The Modi government will not have to pay tax to the senior citizens of the country, because on the completion of 75 years of India’s independence, senior citizens above 75 years of age will no longer have to pay tax on their income.
Check the above post here, here, and here (Archive)
FACT CHECK
NewsMobile fact-checked the viral claim, and found it to be MISLEADING.
Searching with relevant keywords, the NM team could not identify any credible reports or official announcements confirming such a policy by the Government of India. However, a post by the Press Information Burea Fact Check wing on X, dated November 28, 2024, has clarified that the claim is false.
The post further explained that senior citizens above 75 years, with only pension and interest income, are exempted from filing Income Tax Returns (ITR) under Section 194P of the Income Tax Act. And this exemption does not mean they are exempted from paying taxes. Taxes, if applicable, are computed and deducted by the specified bank before disbursing income.
✔️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
— PIB Fact Check (@PIBFactCheck) November 28, 2024
Thus, the viral claim that all senior citizens above 75 years are exempted from paying taxes is False.
If you want to fact-check any story, WhatsApp it now on +91 11 7127 9799
