Fact Check: No income tax for senior citizens 75 and above?

A message being shared on social media claims that senior citizens above 75 years of age would not have to pay income tax any more. According to the information given by the Central Board of Direct Taxes, the central government has changed the law to provide tax exemption to senior citizens, which includes important changes between Rule 31, Rule 31A, Form 16 and 24Q, and senior citizens above 75 years of age will have to submit a 12-BBA application to the bank to get tax exemption.” India Today Fact Check found the Centre has not given any tax relief to senior citizens above the age of 75. Taxes, if applicable, are deducted by the specified bank after computing the income and eligible deductions.” ✔️Senior citizens above 75 years, with only pension and interest income, are exempt from filing ITR ✔️Taxes, if applicable, are deducted by the specified bank after computing the income and eligible deductions — PIB Fact Check November 28, 2024 Do senior citizens get tax relief? Section 194P of the Income Tax Act, 1961, provides conditions for exempting senior citizens from filing income tax returns aged 75 years and above.