Information wanted

Not till date. But expected. Even if extended, it may be announced only after 25th Sep.

Thank you for your prompt reply.

May I make  the following query ?

Is there any of the below mentioned benefits available to a senior citizen tax payer whose total income in FY 2020-21 comes from pension and bank interests only under new tax rules?

1. Standard deduction

2. 80C

3. 80D

4. 80TTB

Yes, all these deductions are available even for senior citizens if opted for old tax regime. But if new tax regime is opted for, then no.

Thank you for instant reply.

Then, which tax regime(old or new) will be beneficial for a senior citizen who has no investment under section 80C in FY 2020-21 but has only a mediclaim policy of about Rs. 20,000/-

This would depend upon the taxable income. If new regime is opted for, then 80d deduction cannot be availed

No deductions being  available under new tax  regime to a senior citizen,  gross income and taxable income are same. isn't it?