If a senior citizen sells his ancestral agricultural land and get Rs. 30 lakh. Does he need to pay income tax

The land gives presently mariginal crop. The seller is a retired employee. If he put the huge money into a bank will there be any objection from bank employees?

Senior Citizen or not, Ancestral or self earned land - It is exempt from tax if the land satisfy the following condition:

The agricultural land must be 8 kms away from a municipal or a cantonment or a Major Panchayat (of more than 10,000 population as per last senses) limits. Then it dose not come under tax.

If the land is within the above said limits, then you have to pay long term capital gains.

Regarding depositing 30 lakhs in a bank. To deposit more than 50 thousands in a bank, they will ask for PAN number. There are so many things which I should not answer in a public web site. Before selling the land and before depositing the amount in a bank or before investing the money in any other place, please consult a Income Tax auditor (Tax consultant / C.A)