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Senior Citizen Income Tax Calculator

Seniors get a higher tax-free limit under the old regime and a special deduction on interest. Enter your pension, interest and other income to see which regime costs you less.

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₹0₹30 L
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₹0₹20 L
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₹0₹30 L
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₹0₹5 L
Lower tax
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How your tax is worked out

StepOld regimeNew regime

Income tax for senior citizens

A senior citizen is aged 60 to 79 and a super senior citizen is 80 or above. Under the old regime the tax-free limit is ₹3 lakh for seniors and ₹5 lakh for super seniors. The new regime has the same slabs for everyone, but a much higher rebate limit.

Old regime: tax-free limit ₹3 L (60-79) or ₹5 L (80+), then 5% / 20% / 30% Seniors can also deduct up to ₹50,000 of bank, post office and co-operative bank interest under Section 80TTB, plus ₹50,000 standard deduction on pension. Health insurance (80D) goes up to ₹50,000 for seniors. Rebate under 87A: no tax if taxable income is up to ₹5 lakh.

Worked example

Ways seniors can reduce tax

  • Use Section 80TTB. Up to ₹50,000 of interest from deposits is deductible under the old regime.
  • Claim health insurance and medical costs. Section 80D and 80DDB give higher limits for seniors.
  • Check TDS. Banks deduct TDS on interest above ₹1 lakh a year for seniors. Submit Form 15H if your total tax is nil.
  • Compare both regimes every year. The better regime can change as your income and deductions change.

Frequently asked questions

Does the new regime have a higher limit for seniors?

No. The new regime slabs are the same for all ages. Seniors get higher exemption limits only under the old regime.

Is pension taxable?

Yes. Pension is taxed like salary, and you can claim the standard deduction against it.

What is Section 80TTB?

It lets seniors deduct up to ₹50,000 of interest earned on savings accounts, fixed deposits and recurring deposits. It is available only under the old regime.

What is Form 15H?

Seniors whose total tax is nil can submit Form 15H to the bank so that no TDS is cut on their interest.

Do I have to file a return if my tax is nil?

If your income is above the basic exemption limit, you generally need to file a return even if the tax is nil. Seniors with only pension and interest from one bank may be exempt in some cases. Check with a professional.