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The Government of India offers special income tax provisions for resident senior citizens (aged 60–79 years) and super senior citizens (aged 80 years or more) under the old tax regime. However, under the new tax regime, the same tax slab applies to all individuals regardless of age. In this article, we explain the income tax slabs applicable to senior and super senior citizens for FY 2024-25 (AY 2025-26) under both old and new regimes, along with key benefits, deductions, and filing criteria. Section 194P of the Income Tax Act, 1961 provides conditions for exempting Senior Citizens from filing income tax returns aged 75 years and above. Conditions for exemption are: The senior citizen will submit a declaration to the specified bank. The bank is a ‘specified bank’ as notified by the Central Government. In respect of AY 2021–22 and AY 2022–23, a senior citizen can opt for either old or new tax regime as under: Income tax Rate Slabs for Senior Citizens of the age from 60 to 80 years: ... Income Tax slabs for Super Senior citizens (80 years and above in age): ... New Personal Income Tax Regime (115BAC): ... Higher Deduction limit for Medical ... For FY 2024-25 (AY 2025-26), the basic exemption limit for senior citizens is Rs. 3 lakh. This means that individuals earning up to Rs. 3 lakh annually are not required to pay income tax. For super senior citizens (aged 80 years or above), the exemption limit is even higher at Rs. 5 lakh.
