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New Income Tax Slabs for Senior Citizens and Super Senior Citizens for FY 2025-26 (AY 2026-27)

Who is Considered as a Senior Citizen in India?

Who is Considered as a Super Senior Citizen in India?

Income Tax Slabs for FY 2025-26 - New Tax Regime (Same for Senior and Super Senior Citizens)

The Union Budget 2025 revised the tax slab rates under the new tax regime for FY 2025-26 (AY 2026-27), which are the same for all taxpayers irrespective of their age, which is as follows:

Income Tax Slabs Rate of Taxation
Up to ₹4,00,000 Nil
Between ₹4,00,001 and ₹8,00,000  5% of your total income that exceeds ₹4,00,000 
Between ₹8,00,001 and ₹12,00,000  ₹20,000 + 10% of your total income that exceeds ₹8,00,000 
Between ₹12,00,001 and ₹16,00,000  ₹60,000 + 15% of your total income that exceeds ₹12,00,000  
Between ₹16,00,001 and ₹20,00,000   ₹1,20,000 + 20% of your total income that exceeds ₹16,00,000 
Between ₹20,00,001 and ₹24,00,000   ₹2,00,000 + 25% of your total income that exceeds ₹20,00,000 
Above ₹24,00,000   ₹3,00,000 + 30% of your total income that exceeds ₹24,00,000 

Along with this, you will also be levied an additional 4% Health and Education cess, which is applicable to the tax amount calculated.

Income Tax Slabs for FY 2024-25 (AY 2025-26) - New Tax Regime (Same for Senior and Super Senior Citizens)

The income tax slab for senior citizens under this regime is the same for all taxpayers irrespective of their age. This implies that senior citizens, between the ages of 60 and 80 and super senior citizens over 80 years of age will have to pay the same taxes as those below the age of 60 under the senior citizen tax slab new regime, which are:

Income Tax Slabs Rate of Taxation
Up to ₹3,00,000 Nil
Between ₹3,00,001 and ₹7,00,000 5% of your total income that exceeds ₹3,00,000
Between ₹7,00,001 and ₹10,00,000 ₹20,000 + 10% of your total income that exceeds ₹7,00,000
Between ₹10,00,001 and ₹12,00,000 ₹50,000 + 15% of your total income that exceeds ₹10,00,000
Between ₹12,00,001 and ₹15,00,000 ₹80,000 + 20% of your total income that exceeds ₹12,00,000
Above ₹15,00,001 ₹1,40,000 + 30% of your total income that exceeds ₹15,00,000

Along with this, you will also be levied with an additional 4% Health and Education cess, which is applicable to the tax amount calculated.

Surcharges for Income Exceeding ₹50 Lakhs for FY 2025-26

Senior and super senior citizens with a taxable income exceeding ₹50 lakh must consider the following surcharges for assessing tax for both the financial years. These surcharges have been levied since April 1, 2023.

For FY 2023-24 (AY 2024-25), the highest surcharge on income over ₹5 Crore has been reduced to 25% from 37% by the Union Budget 2023, effective from April 1, 2023. All the other surcharge rates remain the same in both the old and new tax regimes.

Taxable Income Surcharge (New Tax Regime) Surcharge (Old Tax Regime)
For those with an income above ₹50 Lakh but below ₹1 Crore  10% 10%
For those with an income of above ₹1 Crore but below ₹2 Crore  15% 15%
For those with an income of above ₹2 Crore but below ₹5 Crore  25% 25%
For those with an income of above ₹5 Crore   25% 37%

How is New Income Tax Calculated for Senior Citizens and Super Senior Citizens?

Deductions Applicable for Senior Citizens and Super Senior Citizens in the New Income Tax Regime

The income tax deductions applicable for senior citizens aged 60 and above as per the Union Budget 2025-26 are as follows:

Category Details
Pension There exists a standard deduction of ₹75,000 yearly for pensioners, including family pensioners. This is applicable for pensions in the form of taxed annuity payments like salaried income. It comes under Section 80D.
Rebate under Section 87A Under the new income tax regime, the amount of the rebate under Section 87A for FY 2025-26 (AY 2026-27) has been increased to ₹12 lakhs. Senior and super senior citizens can now avail of ₹60,000 tax relief, which was earlier ₹25,000. However, the rebate under the old tax regime remains the same, which is ₹25,000 for taxable income up to ₹5 lakhs.
Health Insurance As per Section 80D, senior citizens can claim up to ₹50,000 yearly deductions for their medical expenses and/or health insurance premiums. Dependent seniors can claim a deduction up to ₹1 lakh for critical illnesses under Section 80DDB.
TDS Threshold Senior citizens who are residents of India get the benefit of a higher TDS deduction on interest earned up to ₹1 lakh annually, from April 1, 2025.

Exemptions Applicable for Senior Citizens and Super Senior Citizens in the New Income Tax Regime

Benefits of the New Income Tax Regime for Senior Citizens and Super Senior Citizens

Benefits Not Available Under the New Income Tax Regime for Senior Citizens and Super Senior Citizens

FAQs about Income Tax Slab for Senior Citizens