As per the Union Budget 2005-2006, the senior citizens have not- to pay income tax up to an income of

The correct answer is (c) Rs. 1.85 lakh.

As per the Union Budget 2005-2006, the senior citizens have not to pay income tax up to an income of Rs. 1.85 lakh. This exemption was increased from Rs. 1.00 lakh in the previous budget. The exemption is available to senior citizens who are 60 years of age or above on 31st March of the assessment year.

The exemption is available for both earned and unearned income. However, there are certain conditions that need to be met in order to

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