I understand there is a drastic change in the Income Tax as per the new budget (2023), recently announced. It is not clear how this is going to impact Senior Citizens like me.
Kindly enlighten me - what is the tax slab, are there no usual deductions, like, 80C, 80TTB, 80D etc.? Is there no point in opening SCSS Post Office Deposits, Mutual Funds, offering donations etc.?