Income Tax

Senior Citizen Tax Benefits

Higher exemption (₹3L/₹5L), 80TTB ₹50K interest deduction, no advance tax, 80D ₹50K — old regime.

Age Group

Salary Income (₹)

Pension Income (₹)

Bank / FD / Savings Interest (₹)

Other Interest Income (₹)

Net House Property Income (₹)

Other Income (₹)

Note: Senior citizen benefits (higher exemption limit, 80TTB, higher 80D) are available only under the OLD tax regime. Under the new regime, all taxpayers have a uniform basic exemption of ₹3 lakhs regardless of age. Compare both regimes before choosing.

For general guidance only. Consult your CA for advice specific to your situation.