Overview
Post-retirement, senior citizens typically depend on fixed income streams such as pensions, interest from savings, rental properties, or investment returns. To ease their financial burden, the Income Tax Act offers tailored advantages under the Old Tax Regime, including higher basic exemption limits and targeted deductions.
By contrast, the New Tax Regime applies the same slabs across age groups, offers lower tax rates, and removes most exemptions and deductions. Taxpayers can choose
Daily Limit Reached
You have reached your daily limit of 2 Free Articles
Subscribe to
CCI PRO
for unlimited access
Why Upgrade to
CCI PRO?
-
No Ads
-
WhatsApp Community
-
Daily E-Newsletter
-
Unlimited Articles Access
-
Profile Visitors
-
Link Social Profiles
-
Featured Job Posts
-
Pro Badge
-
Expert GST Guidance
-
Unlimited Forum Replies
-
Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
View all CCI PRO benefits
Already a PRO member?
Login here
for an ad-free experience.