Specified senior citizen - Definition / Legal Terminology - Income Tax

Explanation (b) - For the purposes of section 194P of the Income tax Act 1961- Specified senior citizen means an individual, being a resident in India (i) who is of the age of seventy-five years or more at any time during the previous year; (ii) who is having income of the nature of pension and no other income except the income of the nature of interest received or receivable from any account maintained by such individual in the same specified bank in which he is receiving his pension income; and (iii) has furnished a declaration to the specified bank containing such particulars, in such form and verified in such manner, as may be prescribed.