Friday, September 12, 2025

Income Tax law for senior citizens and super senior citizens: What’s new for AY 2025-26

The Income Tax Department has provided details on tax rules for senior and super senior citizens. For assessment years 2025-26 and 2026-27, they can choose between old and new tax regimes. The old regime offers exemptions, while the new regime has lower rates but fewer deductions. Form 15H can be submitted for no TDS on FD. Read more.

from Tax-Wealth-Economic Times https://ift.tt/xCrayqG

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