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sir, under IT new tax regme, I am told that for pensioners standard deduction of Rs 50,000 is allowed kindly clarify wheher this position is correct. Further, Sir, under new regime deductions such as disability rebate of Rs 75 ,000 u\s 80 U and health insurance premium of Rs 20,000 are allowed Kindly advise me.

Namasthe sir. I am Mr Mugalur. Can I request you kindly to clarify the following points ; I am a Pensioner aged 81 years. If I opt for IT new regime, in addition to standard deduction of Rs 50, 000, can I avail other rebates like : (1) disability rebate of Rs 75,000 u\s 80-U, (2) interest on F D up to Rs 50,000 (2) health insurance premium of Rs 25,000. Government has sanctioned me 20% of my basic pension as an allowance for crossing 80 years of age. Though this amount is added to my total pension, this amount is not merged with the earlier basic pension. Instead this amount is shown seperately under the heading “others” Now I want to know whether this allowance can be counted as rebate for getting I T exemption.

1) Sir, I am a Super Senior citizen 81years aged I have heard that for 2023-24 year for 5 lakhs to 7 lakhs income I T is 20% in excess of net income of 5 lakhs under old tax regime. Is this position correct 2) whether under this scheme deductions such as Std dedcn, 50,000 Disability rebate ,75,000 health ins premium i 20,000 is available . Requet you kindly to clarify @ the earliest