Senior Citizen Tax: When the New Regime Wins Despite the Senior Exemption
A higher-income senior citizen scenario where the New regime still comes out cheaper despite the Old regime senior exemption and 80TTB deduction.
A senior citizen with ₹15,00,000 total income pays ₹2,45,440 under the Old regime and ₹97,500 under the New regime. The New regime is cheaper here.
- Age band
- Senior (60-80)
- Total income
- ₹15,00,000
- Interest income
- ₹30,000
New regime
Old regime
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Senior citizen exemption benefits apply only under the Old tax regime. The New regime uses the same slabs for every taxpayer regardless of age, and Section 80TTB does not apply under it. Figures are for FY 2025-26 (AY 2026-27) and include the 4% Health and Education Cess.