Income Tax on Senior Citizen By CA Satbir Singh | May 23, 2019 0 Comment (Last Updated On: May 23, 2019) Income Tax on Senior CitizenNo TDS of Senior citizens if Form 15H given for Nil Tax Payable After Sec 87A rebate : CBDT Notification No. 41/2019 Section 80TTB Income Tax : Deduction of Rs 50000 p.m to senior citizenIncome Tax Benefits for Senior Citizens of India