I am a resident retired Indian of age more than 80 years. My income is from Govt pension and interests of FDs and savings bank interests only.
I opt for new tax regime.
Under the above conditions, am I entitled to any deductions?
If yes, to which deductions and the amount thereof?
What are the relevant sections of Income Tax Act?
I will be much obliged for advise from experts to enable me to compute my tax obligations.