Senior Citizen Tax at the Exemption Boundary: 5 Lakh Income
A senior citizen with income right at the Old regime Section 87A rebate threshold, showing how the rebate zeroes out tax.
A senior citizen with ₹5,00,000 total income pays ₹0 under the Old regime and ₹0 under the New regime. Both regimes result in the same tax.
- Age band
- Senior (60-80)
- Total income
- ₹5,00,000
- Interest income
- ₹20,000
New regime
Old regime
New regime tax
₹0
0% effective
Old regime tax
₹0
0% effective
Section 80TTB deduction
₹20
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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.