Who is called a Senior citizen? According to the law, a senior citizen means any person being a citizen of India, who has attained the age of sixty years or above.

What age is considered senior citizen in India?

60 years FAQs for Senior CitizensCriteria for senior citizenCriteria for very senior citizenMust be of the age of 60 years or above but less than 80 year at any time during the respective year.Must be of the age of 80 years or above at any time during the respective year.Must be residentMust be resident

Is 58 years old considered a senior citizen?

To qualify for the NSW Seniors Card you must be a permanent resident of the state, aged 60 or over and working no more than 20 hours a week. For those in the Northern Territory (NT), if you are a permanent resident and 60 years of age or older youll be eligible for a Seniors Card.

What is the age 55 rule?

The rule of 55 is an IRS regulation that allows certain older Americans to withdraw money from their 401(k)s without incurring the customary 10% penalty for early withdrawals made before age 59 1/2.

Do pensions count as earned income?

Earned income does not include amounts such as pensions and annuities, welfare benefits, unemployment compensation, workers compensation benefits, or social security benefits.

Do we get senior citizen discount in Tatkal?

The concessional fare is calculated on the basis of fares of trains. However, Tatkal scheme which allows passengers to book train tickets at a very short notice, doesnt allow any concession on the booked tickets.