Tax Benefits and Exemptions for Senior Citizens in ITR Filing for FY 2024-25
04 June 2025Deepak Gupta
Tax Benefits and Exemptions for Senior Citizens in ITR Filing for FY 2024-25
Filing income tax returns can be very confusing process, mainly for senior citizens. However, many deductions and exemptions are available to make this process easier and more beneficial for them under the old tax regime. Senior citizens whose age lies between 60 and 80 years of age are needed to file their returns. Those who aged 75 years earning only pension and interest income, there is a simpler option available for them.
They fan submit Form 12BBA at the bank where they receive their pension instead of filing regular tax returns. Super senior citizens (those above 80 years) don’t need to file any returns.