Taxability of Post office senior citizens deposit

This query is : Resolved

mohamed ali & co (Querist)
Follow

03 December 2025 A senior citizen has received Rs. 500,000 from interest on post office senior citizen deposit scheme. He wants to claim exemption on this interest income for 25-26. Can the experts tell if such interest income is exempt under the new regime.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

03 December 2025 No, the interest income of Rs. 500,000 from the Post Office Senior Citizen Savings Scheme (SCSS) is not exempt under the new tax regime for FY 2025–26. It is fully taxable. However, senior citizens may still end up paying zero tax if their total income is within the rebate threshold of Rs. 12 lakh under Section 87A in the new regime.

Resident individuals (including senior citizens) with taxable income up to Rs. 12 lakh pay zero tax under Section 87A.
This means:
- If the senior citizen’s total income including SCSS interest is ≤ Rs. 12 lakh, they will not pay any tax.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Vidit Ratanghayra

J.Vijai

mohammad.asraf

sathish kumar k

prakash takane

Subscribe Now

Taxability of Post office senior citizens deposit

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

GST CONSULTANT

Article Assistant

GST CONSULTANCY

Manager- Finance and Compliance

CA Final