Tag Archives: interest income exemption for senior citizens in new tax regime

Taxability of senior citizen saving scheme under Income Tax

By | May 20, 2026

Taxability of senior citizen saving scheme under Income Tax The taxability of the Senior Citizen Savings Scheme (SCSS) is structured under a “Taxed-Exempt-Taxed” framework, meaning you get tax relief on the investment but your regular earnings from it are fully taxable. Here is the exact breakdown of how your principal, interest, and TDS are handled… Read More »

Deduction allowed under new tax regime for senior citizens ay 2026-27

By | April 12, 2026

Deduction allowed under new tax regime for senior citizens ay 2026-27 Deduction allowed under new tax regime for senior citizens ay 2026-27 For senior citizens, the New Tax Regime (Section 115BAC) under AY 2026-27 is largely the same as for regular individuals. The age-based higher exemption limits (₹3 lakh for seniors and ₹5 lakh for… Read More »