I am a senior citizen. In the old tax regime there are special advantages in tax rates for senior citizens. Are there any such advantages in new tax regime? https://www.taxtmi.com/manuals?id=4561 In the old tax regime, senior citizens and super senior citizens had higher basic exemption limits of Rs. 3,00,000 and Rs. 5,00,000 respectively, raising the threshold before tax. The new tax regime provides a single, broader tax-free threshold under which no income tax is payable up to a specified total income level, thereby replacing the separate senior and super senior exemption slabs. en-us Fri, 05 Jul 2024 13:16:00 +0530 Fri, 05 Jul 2024 13:16:00 +0530 TaxTMI RSS Generator I am a senior citizen. In the old tax regime there are special advantages in tax rates for senior citizens. Are there any such advantages in new tax regime? https://www.taxtmi.com/manuals?id=4561 In the old tax regime, senior citizens and super senior citizens had higher basic exemption limits of Rs. 3,00,000 and Rs. 5,00,000 respectively, raising the threshold before tax. The new tax regime provides a single, broader tax-free threshold under which no income tax is payable up to a specified total income level, thereby replacing the separate senior and super senior exemption slabs. Manuals Income Tax Fri, 05 Jul 2024 13:16:00 +0530 https://www.taxtmi.com/manuals?id=4561