In accordance with section 153 of the Income-Tax Bill 2025, senior citizens are eligible to claim a tax deduction of Rs ...

The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier ...

Under the Old Tax Regime, the government still offers multiple exemptions and deductions for taxpayers, including senior citizens. In this story, we will explore the best tax-saving instruments ...

On the other hand, super senior citizens, aged 80 and above ... The applicable tax rates for Financial Year 2023-24 under the old tax regime and new tax regime (default) are as follows: ...

Employer contributions to NPS under Section 80CCD (2) are allowed up to 14% of Basic Salary + Dearness Allowance (DA) for central government employees and 10% for others. Specially-abled individuals ...

The Union Budget 2025-26 has kept the tax slab rates unchanged for salaried individuals below 60 years old. The existing tax slab rates are as follows: nil for individuals earning up to INR 2.5 ...

Under Section 80C, senior citizens or super senior citizens can get deductions ... Here's how ‘Zero income tax country’: Here are 17 places in world where taxation is not a problem ...

while for super senior citizens (80+ years), it is Rs 5,00,000. Your financial information determines the best regime. The new tax system suits low-income investors, while the old tax system ...