Senior Citizen Tax IndiaSenior citizen tax amounts in India
The deductions and thresholds that depend on age under the Income-tax Act, 2025, read on 13 November 2026. Nothing is stored.
Worked example
A senior citizen with ₹30,000 savings interest and ₹60,000 fixed deposit interest gets an interest deduction of ₹50,000. Under sixty, the same person would get ₹10,000.
Common questions
What changes at the age of 60?
Under the Income-tax Act, 2025 a senior citizen is a resident individual aged sixty or more at any time in the tax year. Interest deduction rises from ₹10,000 on savings interest to ₹50,000 on all deposit interest, the table threshold for tax at source on bank interest rises from ₹50,000 to ₹1,00,000, the health insurance limit rises from ₹25,000 to ₹50,000 and the specified-disease deduction rises from ₹40,000 to ₹1,00,000.
What is a specified senior citizen?
Section 402(39): a resident aged seventy-five or more whose only income is pension plus interest from an account in the same specified bank, who has given the bank a declaration. The Act gives such a person special treatment in section 393; see the Act for the exact effect.
Do these deductions apply in every tax regime?
Not necessarily. Section 202 on the choice of regime was not read for this site; check before claiming.
Source
- The Income-tax Act, 2025, as published in the Gazette of India Extraordinary: section 2(100) (senior citizen), 126 (health insurance and medical expenditure), 128 (specified diseases), 153 (interest on deposits), 393 (tax deducted at source, Table serial 5) and 402(39) (specified senior citizen).
Rules read on 13 November 2026 from the Income-tax Act, 2025. The Act may have been amended since it was enacted. This site is independent, not connected with the Income Tax Department or any bank, and gives arithmetic, not tax advice.