Specified senior citizen status requires pension income, limited same-bank interest income, and a prescribed verified declaration.

Specified senior citizen means a resident individual aged seventy-five years or more who has pension income and no other income except interest from an account maintained with the same specified bank from which pension is received. Eligibility also requires furnishing a declaration to that specified bank containing prescribed particulars in the prescribed and verified form. Under the Income-tax Act, 2025, the definition applies for TDS/TCS purposes and uses the tax year; the Income-tax Act, 1961 refers to the previous year.

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