Respected experts,
1. Are there any separate slabs for senior and very senior citizens in the new tax slabs?
2. I am a senior citizen and previously upto a total income of 8 lac I need not require to pay tax after deductions of 50,000(Standard deduction), 50,000(Int on FDs), 1,50,000 (80c) and 50,000(NPS)(Total deduction 3,00,000) as the taxable income after deduction of above comes to 5 lac. Hence I may not have any option other than choosing the old regime. There are people who have more deductions than the above. Please give your advice.
CAclubindia
