Senior citizens penalised instead of getting relief.

Mr Jaitely has safely neglected senior citizens who depend only on interest income for a living. Previously a rebate under Section 87A of Rs 5,000 was given for income upto Rs 5,00,000. This has been reduced to Rs 2,500 that too upto Rs 3,50,000. This would mean that a senor citizen declaring an Income of Rs 3,80,000 would pay Rs 4120 as against Rs 3,090 an increase of Rs 1,030 which has been overlooked.

I am attaching a Xl sheet which will indicate this anamoly in case of Senior Citizens.

SENIOR CITIZENS
		EXISTING						REVISED
Taxable Income	Tax	Rebate	Tax Payable	Cess	Tax Payable	Tax	Rebate	Tax Payable	Cess	Tax Payable	Diffrence
3,00,000	0	0	0	0	0	0	0	0	0	0	0
3,10,000	1,000	1,000	0	0	0	500	500	0	0	0	0
3,20,000	2,000	2,000	0	0	0	1,000	1,000	0	0	0	0
3,30,000	3,000	3,000	0	0	0	1,500	1,500	0	0	0	0
3,40,000	4,000	4,000	0	0	0	2,000	2,000	0	0	0	0
3,50,000	5,000	5,000	0	0	0	2,500	2,500	0	0	0	0
3,60,000	6,000	5,000	1,000	30	1,030	3,000	0	3,000	90	3,090	-2,060
3,70,000	7,000	5,000	2,000	60	2,060	3,500	0	3,500	105	3,605	-1,545
3,80,000	8,000	5,000	3,000	90	3,090	4,000	0	4,000	120	4,120	-1,030
3,90,000	9,000	5,000	4,000	120	4,120	4,500	0	4,500	135	4,635	-515
4,00,000	10,000	5,000	5,000	150	5,150	5,000	0	5,000	150	5,150	0
4,10,000	11,000	5,000	6,000	180	6,180	5,500	0	5,500	165	5,665	515
4,20,000	12,000	5,000	7,000	210	7,210	6,000	0	6,000	180	6,180	1,030
4,30,000	13,000	5,000	8,000	240	8,240	6,500	0	6,500	195	6,695	1,545
4,40,000	14,000	5,000	9,000	270	9,270	7,000	0	7,000	210	7,210	2,060
4,50,000	15,000	5,000	10,000	300	10,300	7,500	0	7,500	225	7,725	2,575
4,60,000	16,000	5,000	11,000	330	11,330	8,000	0	8,000	240	8,240	3,090
4,70,000	17,000	5,000	12,000	360	12,360	8,500	0	8,500	255	8,755	3,605
4,80,000	18,000	5,000	13,000	390	13,390	9,000	0	9,000	270	9,270	4,120
4,90,000	19,000	5,000	14,000	420	14,420	9,500	0	9,500	285	9,785	4,635
5,00,000	20,000	5,000	15,000	450	15,450	10,000	0	10,000	300	10,300	5,150