For senior citizens, the slabs under the new regime are the same as for other taxpayers: Income up to ₹7,00,000: No tax (via rebate under Section 87A). Income up to ₹3,00,000: Exempt from tax. Income from ₹3,00,001 to ₹6,00,000: 5% tax rate. Under the Income Tax Act, senior citizens are resident individuals aged between 60 to 80 years, while super senior citizens are resident individuals aged above 80 years. In respect of AY 2021–22 and AY 2022–23, a senior citizen can opt for either old or new tax regime as under: Income tax Rate Slabs for Senior Citizens of the age from 60 to 80 years: ... Income Tax slabs for Super Senior citizens (80 years and above in age): ... New Personal Income Tax Regime (115BAC): ... Higher Deduction limit for Medical ... Under this new tax regime, there is no higher tax exemption limit for senior citizens (between the age of 60 and 80) or for super senior citizens (above the age of 80).
