Tax Calculation for Senior Citizens above 60 years In case senior citizens want to calculate the amount of tax that must be paid, the income that is generated from all sources must be added. As per the slabs under the old income tax slabs the below-mentioned exemptions and deductions are allowed: Popular Deductions Allowed under Old Tax Regime 80C, 80D, 80G, 80TTA HRA, LTA, home loan interest (Section 24) Education loan interest (Section 80E), etc. 2.Income Tax Slabs for Senior Citizens aged between 60 to 80 Years The income tax slabs for senior citizens aged above 60 years but below 80 years under the old tax regime are as follows: 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. Check the latest income tax slabs for senior citizens in India. Learn about exemptions, deductions, and tax benefits for seniors above 60 years.
