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How can senior citizen pensioners like me with income of Rs 15 lakhs benefit from the new tax regime?

Mihir

Mihir Tanna  |945 Answers  |Ask -

Tax Expert - Answered on Jul 24, 2024

Mihir Ashok Tanna, who works with a well-known chartered accountancy firm in Mumbai, has more than 15 years of experience in direct taxation.
He handles various kinds of matters related to direct tax such as PAN/ TAN application; compliance including ITR, TDS return filing; issuance/ filing of statutory forms like Form 15CB, Form 61A, etc; application u/s 10(46); application for condonation of delay; application for lower/ nil TDS certificate; transfer pricing and study report; advisory/ opinion on direct tax matters; handling various income-tax notices; compounding application on show cause for TDS default; verification of books for TDS/ TCS/ equalisation levy compliance; application for pending income-tax demand and refund; charitable trust taxation and compliance; income-tax scrutiny and CIT(A) for all types of taxpayers including individuals, firms, LLPs, corporates, trusts, non-resident individuals and companies.
He regularly represents clients before the income tax authorities including the commissioner of income tax (appeal).... more
Vijai Question by Vijai on Jul 23, 2024Hindi
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I am a senior citizen of 77 years of age pensioner with about Rs 15 Lakh per year Total Income. Is there any relief to pensioners under new tax regime compared to last year as well as compared to non-senior citizens. Thanking you.

Ans: You will get standard desuction 75000 instead of 50000 (applicable for non senior citizen)
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