How income of a deceased person is assessed under income tax act?



A person of 83yrs age dies. His income earning assets are not going to be distributed to his legal heirs for at least 2 yrs. His income will be assessed in the hands of the executor in the status of an Individual. Whether the executor will also get reduction in tax rate as applicable to a senior citizen as the deceased person was of 83 yrs age when he died?

How income of a deceased person is assessed under income tax act?
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2 Replies to “How income of a deceased person is assessed under income tax act?”

  1. The estate of the deceased person will pay taxes arising out of his income. For this purpose he will be treated as a Senior Citizen, even after his demise.


  2. The estate of the deceased person will pay taxes arising out of his income through representative assessee. For this purpose he will be treated as a Senior Citizen, even after his demise.





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