Finance

Senior citizen tax calculator

For residents aged 60 and over. Enter your yearly income to see your tax in both regimes, whether you need to file, and whether you can stop TDS with Form 15H.

Your age

Income for the year

Received after a spouse's death.
FDs, RDs, savings accounts, SCSS and post office schemes.
Bonds, company deposits and similar.
After municipal taxes. We deduct 30% for repairs.
Dividends and anything else.

Deductions (old regime only)

PPF, SCSS, tax-saving FD, ELSS, life insurance. Up to ₹1.5 lakh.
For you and your spouse. Up to ₹50,000.
Up to ₹50,000 more.
80G donations and so on.

Tax already deducted

See Form 16, your bank's TDS certificates or AIS.

Your figures are only used to work this out; they aren't saved or put in the page address.

Rules for FY 2025-26, unchanged for FY 2026-27. For residents only. An estimate, not tax advice.

Frequently asked questions

What is the income tax exemption limit for senior citizens?
In the old regime, ₹3 lakh from age 60 and ₹5 lakh from age 80. The new regime has the same limits at every age: ₹4 lakh basic exemption, and no tax on taxable income up to ₹12 lakh thanks to the section 87A rebate.
What is section 80TTB?
An old-regime deduction of up to ₹50,000 a year for resident senior citizens on interest from deposits with banks, co-operative banks and post offices, including savings accounts and fixed deposits.
Is pension taxable for senior citizens?
Yes. Pension from a former employer is taxed as salary, after a standard deduction of ₹75,000 in the new regime or ₹50,000 in the old. Family pension gets a deduction of one-third, up to ₹25,000 (new) or ₹15,000 (old).
Who can submit Form 15H?
A resident aged 60 or over whose tax on the year's estimated total income is nil. Submitting it to your bank stops TDS on your interest.
Do senior citizens above 75 need to file an income tax return?
Not if their only income is pension and interest from the same bank that pays the pension. They give the bank a declaration and the bank deducts the tax (section 194P).