Returns and Forms Applicable for Senior Citizens and Super Senior Citizens for AY 2025-26 

 

Disclaimer: The content on this page is only to give an overview and general guidance and is not exhaustive. For complete details and guidelines please refer Income Tax Act, Rules and Notifications

  

An individual resident who is 60 years or above in age but less than 80 years at any time during the previous year is considered as Senior Citizen for Income Tax purposes. A Super Senior Citizen is an individual resident who is 80 years or above, at any time during the previous year.

 

Note: 

Section 194P of the Income Tax Act, 1961 provides conditions for exempting Senior Citizens from filing income tax returns aged 75 years and above.

Conditions for exemption are:

• Senior Citizen should be of age 75 years or above
• Senior Citizen should be ‘Resident’ in the previous year
• Senior Citizen has pension income and interest income only & interest income accrued / earned from the same specified bank in which he is receiving his pension
• The senior citizen will submit a declaration to the specified bank.
• The bank is a ‘specified bank’ as notified by the Central Government. Such banks will be responsible for the TDS deduction of senior citizens after considering the deductions under Chapter VI-A and rebate under 87A.
• Once the specified bank, as mentioned above, deducts tax for senior citizens above 75 years of age, there will be no requirement to furnish income tax returns by senior citizens.

Section 194P is applicable from 1st April 2021.

 

 

1. ITR-1 (SAHAJ) – Applicable only for Individual

This return is applicable for a Resident (other than Not Ordinarily Resident) Individual having Total Income from any of the following sources up to ₹ 50 lakh. Salary/ Pension One House Property Other sources (Interest, Family Pension, Dividend etc.) Agricultural Income up to ₹ 5,000   ​ Note: ITR-1 cannot be used by a person who: (a) is a Director in a company (b) has held any unlisted equity shares at any time during the previous year  (c) has any asset (including financial interest in any entity) located outside India  (d) has signing authority in any account located outside India  (e) has income from any source outside India (f) is a person in whose case tax has been deducted u/s 194N (g) is a person in whose case payment or deduction of tax has been deferred on ESOP has total income exceeding Rs. 50 lakhs.

 

2. ITR-2 - Applicable for Individual (Not eligible for ITR 1) and HUF
This return is applicable for Individual and Hindu Undivided Family (HUF). Not having income under the head Profits or Gains of Business or Profession Who is not eligible for filing ITR-1

 

3. ITR-3 - Applicable for Individual and HUF
This return is applicable for Individual and Hindu Undivided Family (HUF). Having income under the head Profits or Gains of Business or Profession Who is not eligible for filing ITR-1, 2 or 4

 

 

 

 

4. ITR-4 (SUGAM)– Applicable for Individual, HUF and Firm (other than LLP)

This return is applicable for an Individual or Hindu Undivided Family (HUF), who is Resident other than not ordinarily resident or a Firm (other than LLP) which is a Resident having Total Income up to ₹ 50 lakh and having Income from Business and Profession which is computed on a presumptive basis and income from any of the following sources: Salary / Pension One House Property Other sources (Interest, Family Pension, Dividend etc.) Agricultural Income up to ₹ 5,000 Income from Business /  Profession computed on presumptive basis u/s 44AD / 44ADA / 44AE   ​ Note:1 ITR-4 not applicable toa person who: is a Director in a company has held any unlisted equity shares at any time during the previous year  has any asset (including financial interest in any entity) located outside India    has signing authority in any account located outside India    has income from any source outside India   is a person in whose case payment or deduction of tax has been deferred on ESOP has total income exceeding Rs. 50 lakhs.   Note: 2   ITR-4 (Sugam) is not mandatory. It is a simplified return form to be used by an Assessee, at his option, if he is eligible to declare Profits and Gains from Business and Profession on presumptive basis u/s 44AD, 44ADA or 44AE.

 

Forms Applicable

1. Form 15H - Declaration to be made by an individual (who is 60 years of age or more) claiming certain receipts without deduction of tax
Submitted by Details provided in the form A Resident Individual, 60 years or more of age to Bank, for not deducting TDS on interest income  Estimated Income for the FY

 

2. Form 12BB - Particulars of claims by an employee for deduction of tax (u/s 192)
Provided by Details provided in the form An Employee to his Employer(s) Evidence or particulars of HRA, LTC, Deduction of Interest on Borrowed Capital, Tax Saving Claims / Deductions for the purpose of calculating Tax to be Deducted at Source (TDS).

 

3. Form 16 - Details of Tax Deducted at Source on salary (Certificate u/s 203 of the Income Tax Act, 1961)
Provided by Details provided in the form An Employee to his Employer(s) Salary paid, Deductions / Exemptions and Tax Deducted at Source for the purpose of computing tax payable / refundable.

 

 

4. Form 16A – Certificate u/s 203 of the Income Tax Act, 1961 for TDS on Income other than Salary
Provided by Details provided in the form Deductor to Deductee Form 16A is a Tax Deducted at Source (TDS) Certificate issued quarterly that captures the amount of TDS, Nature of Payments and the TDS Payments deposited with the Income Tax Department.

 

5.

Form 26 AS  AIS  (Annual information Statement) Provided by: Income Tax Department (It is available on e-Filing Portal: Login > e-File > Income Tax Return > View Form 26AS) Details provided in the form: Tax Deducted / Collected at Source. Provided by: Income Tax Department (It can be accessed after logging on to Income Tax e-Filing portal)  Go to e-filing portal > login > AIS Details provided in the form: Tax Deducted / Collected at Source SFT Information Payment of taxes Demand / Refund Other information (like Pending/Completed proceedings, GST Information, Information received from foreign government etc)

 

 Note: Information regarding (Advance Tax/SAT, Details of refund, SFT Transaction, TDS u/s 194 IA,194 IB,194M, TDS defaults) which were available in 26AS are now  available in AIS.

 

6. Form 10E - Form for furnishing particulars of Income for claiming relief u/s 89(1) when Salary is paid in arrears or advance
Provided by Details provided in the form An Employee to the Income Tax Department Arrears / Advance Salary Gratuity Compensation on Termination Commutation of Pension

 

7. Form 67- Statement of Income from a country or specified territory outside India and Foreign Tax Credit
Submitted by Details provided in the form Taxpayer Income from a country or specified territory outside India and Foreign Tax Credit claimed

 

8. Form 3CB-3CD
Submitted by Details provided in the form Taxpayer who is required to get his accounts audited by an Accountant u/s 44AB. To be furnished one month before the due date for furnishing the return of income under sub-section (1) of section 139.     Report of audit of Accounts and Statement of Particulars required to be furnished u/s 44AB of the Income Tax Act, 1961.

 

9. Form 3CEB

Submitted by Details provided in the form Taxpayer who is required to obtain a report from an Accountant u/s 92E for entering into an International Transaction or Specified Domestic Transaction. To be furnished one month before the due date for furnishing the return of income under sub-section (1) of section 139. Audit report u/s 92E of the Income Tax Act, 1961, relating to International Transaction(s) and Specified Domestic Transaction(s).

 

Tax Slabs for AY 2025-26

Tax Slabs for AY 2025-26***

• The Finance Act 2024 has amended the provisions of Section 115BAC w.e.f AY 2024-25 to make new tax regime the default tax regime for the assessee being an Individual, HUF, AOP (not being co-operative societies), BOI or Artificial Juridical Person. However, the eligible taxpayers have the option to opt out of new tax regime and choose to be taxed under old tax regime. The old tax regime refers to the system of income tax calculation and slabs that existed before the introduction of the new tax regime. In the old tax regime, taxpayers have the option to claim various tax deductions and exemptions.
• In "non-business cases", option to choose the regime can be exercised every year directly in the ITR to be filed on or before the due date specified under section 139(1).
• In case of eligible taxpayers having income from business and profession, new tax regime is default regime. If assessee wants to opt out of new tax regime, they can furnish Form-10-IEA on or before the due date u/s 139(1) for furnishing the return of income. Also, for the purpose of withdrawal of such option i.e. opting out of old tax regime shall also be done by way of furnishing Form No.10-IEA. However, option to switch to old tax regime and withdraw the option in any subsequent AY is available only once in lifetime for eligible taxpayers having income from business and profession.

 

1. Tax rates for Individual (resident or non-resident), 60 years or more but less than 80 years of age anytime during the previous year are as under:

Old Tax Regime			New Tax Regime u/s 115BAC
Income Tax Slab	Income Tax Rate	*Surcharge	Income Tax Slab	Income Tax Rate	*Surcharge
Up to ₹ 3,00,000	Nil	Nil	Up to ₹ 3,00,000	Nil	Nil
₹ 3,00,001 - ₹ 5,00,000**	5% above ₹ 3,00,000	Nil	₹ 3,00,001 - ₹ 7,00,000**	5% above ₹ 3,00,000	Nil
₹ 5,00,001 - ₹ 10,00,000	₹ 10,000 + 20% above ₹ 5,00,000	Nil	₹ 7,00,001 - ₹ 10,00,000	₹ 20,000 + 10% above ₹ 7,00,000	Nil
₹ 10,00,001- ₹ 50,00,000	₹ 1,12,500 + 30% above ₹ 10,00,000	Nil	₹ 10,00,001 - ₹ 12,00,000	₹ 50,000 + 15% above ₹ 10,00,000	Nil
₹ 50,00,001- ₹ 100,00,000	₹ 1,12,500 + 30% above ₹ 10,00,000	10%	₹ 12,00,001 - ₹ 15,00,000	₹ 80,000 + 20% above ₹ 12,00,000	Nil
₹ 100,00,001- ₹ 200,00,000	₹ 1,12,500 + 30% above ₹ 10,00,000	15%	₹ 15,00,001- ₹ 50,00,000	₹ 1,40,000 + 30% above ₹ 15,00,000	Nil
₹ 200,00,001- ₹ 500,00,000	₹ 1,12,500 + 30% above ₹ 10,00,000	25%	₹ 50,00,001- ₹ 100,00,000	₹ 1,40,000 + 30% above ₹ 15,00,000	10%
Above ₹ 500,00,000	₹ 1,12,500 + 30% above ₹ 10,00,000	37%	₹ 100,00,001- ₹ 200,00,000	₹ 1,40,000 + 30% above ₹ 15,00,000	15%
			Above ₹ ₹ 200,00,001	₹ 1,40,000 + 30% above ₹ 15,00,000	25%

2. Tax rates for Individual (resident or non-resident) 80 years of age or more anytime during the previous year are as under:

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Old Tax Regime New Tax Regime u/s 115BAC Income Tax Slab Income Tax Rate *Surcharge Income Tax Slab Income Tax Rate *Surcharge Up to ₹ 5,00,000   Nil Nil Up to ₹ 3,00,000 Nil Nil ₹ 5,00,001 - ₹ 10,00,000 20% above ₹ 5,00,000 Nil ₹ 3,00,001 - ₹ 7,00,000** 5% above ₹ 3,00,000 Nil ₹ 10,00,001- ₹ 50,00,000 ₹ 1,12,500 + 30% above ₹ 10,00,000 Nil ₹ 7,00,001 - ₹ 10,00,000 ₹ 20,000 + 10% above ₹ 7,00,000 Nil ₹ 50,00,001- ₹ 100,00,000 ₹ 1,12,500 + 30% above ₹ 10,00,000 10% ₹ 10,00,001 - ₹ 12,00,000 ₹ 50,000 + 15% above ₹ 10,00,000 Nil ₹ 100,00,001- ₹ 200,00,000 ₹ 1,12,500 + 30% above ₹ 10,00,000 15% ₹ 12,00,001 - ₹ 15,00,000 ₹ 80,000 + 20% above ₹ 12,00,000 Nil ₹ 200,00,001- ₹ 500,00,000 ₹ 1,12,500 + 30% above ₹ 10,00,000 25% Above ₹ 15,00,000 ₹ 1,40,000 + 30% above ₹ 15,00,000 Nil Above ₹ 500,00,000 ₹ 1,12,500 + 30% above ₹ 10,00,000 37% ₹ 15,00,001- ₹ 50,00,000 ₹ 1,40,000 + 30% above ₹ 15,00,000 Nil       ₹ 50,00,001- ₹ 100,00,000 ₹ 1,40,000 + 30% above ₹ 15,00,000 10%       ₹ 100,00,001- ₹ 200,00,000 ₹ 1,40,000 + 30% above ₹ 15,00,000 15%       Above ₹ ₹ 200,00,001 ₹ 1,40,000 + 30% above ₹ 15,00,000 25%

 

*Note: The enhanced surcharge of 25% & 37%, as the case may be, is not levied, from income chargeable to tax under sections 111A, 112, 112A and Dividend Income. Hence, the maximum rate of surcharge on tax payable on such incomes shall be 15%, except when the income is taxable under section 115A, 115AB, 115AC, 115ACA and 115E.

**Rebate u/s 87A: Resident Individuals are also eligible for a Rebate of up to 100% of income tax subject to a maximum limit depending on tax regimes as under:

Total Income	Old Tax Regime	New Tax Regime
	Rebate under Section 87A Applicable
Up to Rs. 5 Lakh	Tax rebate up to Rs.12,500 is applicable for resident individuals  if the total income does not exceed Rs 5,00,000 (not applicable for NRIs	Tax rebate up to Rs.25,000 is applicable for resident individuals  if the total income does not exceed Rs 7,00,000 (not applicable for NRIs
From 5 Lakhs to 7 Lakhs	NIL

 

***Note : Health & Education cess @ 4% to be paid on the amount of income tax plus Surcharge (if any) in both the regimes.

 

Marginal relief can be claimed from surcharge if the amount of income earned exceeding ₹ 50 lakhs, ₹ 1 crore, ₹ 2 crore or ₹ 5 crores respectively as under:

Net Income Range		Marginal Relief
Exceeds (Rs.)	Does not exceed (Rs.)
50 Lakh	1 Crore	Amount payable as income tax and surcharge shall not exceed the total amount payable as income tax on total income of Rs 50 Lakh by more than the amount of income that exceeds Rs 50 Lakhs
1 Crore	2 Crore	Amount payable as income tax and surcharge shall not exceed the total amount payable as income-tax on total income of Rs. 1 crore by more than the amount of income that exceeds Rs. 1 crore
2 Crore	5 Crore	Amount payable as income tax and surcharge shall not exceed the total amount payable as income-tax on total income of Rs. 2 crore by more than the amount of income that exceeds Rs. 2 crore
5 Crore	–	Amount payable as income tax and surcharge shall not exceed the total amount payable as income-tax on total income of Rs. 5 crore by more than the amount of income that exceeds Rs. 5 crore.

 

Investments / Payments / Incomes on which I can get tax benefit

Following deductions will be available to a taxpayer opting for the New Tax Regime u/s 115BAC:

1. 1. Section 24(b) – Deduction from Income from House Property on interest paid on housing loan:

Nature of Property	Purpose of loan	Allowable (Maximum limit)
Let Out	Construction or purchase of house property	Actual value without any limit

1. 2. Tax deductions specified under Chapter VIA of the Income Tax Act  

Section 80CCD(2)

Deduction towards contribution made by an employer to the Pension Scheme of Central Government For all categories of employers  ​ Deduction limit of 14% of salary

Tax deductions in the Old Tax Regime

1. Section 24(b) – Deduction from Income from House Property on interest paid on housing loan & housing improvement loan. In case of self- occupied property, the upper limit for deduction of interest paid on housing loan is  ₹ 2 lakh. Interest on loan u/s 24(b) allowable is tabulated below:

Nature of Property	When loan was taken	Purpose of loan	Allowable (Maximum limit)
Self-Occupied	On or after 1/04/1999	Construction or purchase of house property	₹ 2,00,000
	On or after 1/04/1999	For Repairs of house property	₹ 30,000
	Before 1/04/1999	Construction or purchase of house property	₹ 30,000
	Before 1/04/1999	For Repairs of house property	₹ 30,000
Let Out	Any time	Construction or purchase of house property	Actual value without any limit

 Tax deductions specified under Chapter VIA of the Income Tax Act  

 

Section 80C, 80CCC, 80CCD (1)
Deduction towards payments made to  80C Life Insurance Premium Provident Fund Subscription to certain equity shares Tuition Fees National Savings Certificate Housing Loan Principal Other various items   Combined deduction limit of ₹ 1,50,000 80CCC Annuity plan of LIC or other insurer towards Pension Scheme 80CCD(1) Pension Scheme of Central Government

 

Section 80CCD(1B)
Deduction towards payments made to Pension Scheme of Central Government, excluding deduction claimed under 80CCD (1)	​ Deduction limit of ₹ 50,000

 

Section 80CCD(2)

Deduction towards contribution made by an employer to the Pension Scheme of Central Government If the Employer is a PSU or Others ​ Deduction limit of 10% of salary If the Employer is Central or State Government ​ Deduction limit of 14% of salary

 

Section 80CCH

Deduction in respect of contribution to Agnipath Scheme

Where an assessee, being an individual enrolled in the Agnipath Scheme and subscribing to the Agniveer Corpus Fund on or after the 1st day of November, 2022, has in the previous year paid or deposited any amount in his account in the said fund  ​ Allowed a deduction in the computation of total income, of the whole of the amount so paid or deposited Where the Central Government makes any contribution to the account of an assessee in the Agniveer Corpus Fund   ​ Allowed a deduction in the computation of total income of the whole of the amount so contributed

 

 

Section 80D

Deduction towards payments made to Health Insurance Premium & Preventive Health check up For Self / Spouse or Dependent Children   ₹ 25,000 (₹ 50,000 if any person is a Senior Citizen) ₹ 5,000 for preventive health check up, included in above limit For Parents  ​ ₹ 25,000 (₹50,000 if any person is a Senior Citizen) ₹ 5,000 for preventive health check up, included in above limit Deduction towards Medical Expenditure incurred on a Senior Citizen, if no premium is paid on health insurance coverage   For Self/    Spouse or Dependent Children  ​ Deduction limit of ₹ 50,000 For Parents  ​ Deduction limit of ₹ 50,000

 

Section 80DD
Deduction towards payments made towards maintenance or medical treatment of a Disabled Dependent or Paid / Deposited any amount under relevant approved scheme	Flat deduction of ₹ 75,000 available for a person with Disability, irrespective of expense incurred. The deduction is ₹ 1,25,000 if the person has Severe Disability (80% or more).=

 Please note: If Taxpayer is claiming deduction u/s 80DD then its recommended to file form 10-IA also before filing of return.

Form 10IA can be filed later also however it is recommended to file form 10-IA along with return of income to avoid any inconvenience later.

Section 80DDB
Deduction towards payments made towards Medical treatment of Self or Dependant for specified diseases	Deduction limit of ₹ 40,000 (₹ 1,00,000 if Senior Citizen)

  

Section 80E
Deduction towards interest payments made on loan for higher education of Self or relative	Total amount paid towards interest on loan taken

 

Section 80EE
Deduction towards interest payments made on loan taken for acquisition of residential house property where the loan is sanctioned between 1st April 2016 to 31st March 2017	Deduction limit of ₹ 50,000 on the interest paid on loan taken

 

 

Section 80EEA
Deduction available only to individuals  towards interest payments made on loan taken for acquisition of residential house property for the first time where the loan is sanctioned between 1st April 2019 to 31st March 2022 & deduction should not have been claimed u/s 80EE	Deduction limit of ₹ 1,50,000 on the interest paid on loan taken

 

Section 80EEB
Deduction towards interest payments made on loan for purchase of Electric Vehicle where the loan is sanctioned between 1st April 2019 to 31st March 2023	Deduction limit of ₹ 1,50,000 on the interest paid on loan taken

 

Section 80G

Deduction towards Donations made to prescribed Funds, Charitable Institutions, etc. Donation are eligible for deduction under the below categories Without any limit  ​ 100% deduction 50% deduction Subject to qualifying limit  ​ 100% deduction 50% deduction       Note: No deduction shall be allowed under this section in respect of donation made in cash exceeding  ₹ 2000/-

 

Section 80GG

Deduction towards rent paid for house & applicable to only those who are self-employed or for whom HRA is not part of Salary Least of the following shall be allowed as deduction Rent paid reduced by 10% of Total Income before this deduction ₹ 5,000 per month 25% of Total Income (excluding long term capital gains, short term capital gains under section 111A or income under section 115A or 115D) Note: Form 10BA to be filled for claiming this deduction.

 

Section 80GGA

Deduction towards Donations made for Scientific Research or Rural Development Donation are eligible for deduction under the below categories: Research Association or University, College or other Institution for Scientific Research Social Science or Statistical Research Association or Institution for  Rural Development Conservation of Natural Resources or for Afforestation PSU or Local Authority or an association or institution approved by the National Committee for carrying out any eligible project  Funds notified by Central Government for Afforestation Rural Development National Urban Poverty Eradication Fund as setup and notified by Central Government      Note: No deduction shall be allowed under this Section in respect of donation made in cash exceeding ₹  2000/- or if Gross Total Income includes income from Profit / Gains of Business / Profession

  

 

Section 80GGC
Deduction towards Donations made to Political Party or Electoral Trust	Deduction towards Donations made to Political Party or Electoral Trust

 

Section 80TTB
Deduction on interest received on deposits by Resident Senior Citizens	​ Deduction limit of ₹ 50,000/-

 

Section 80U
Deductions for a resident individual taxpayer with Disability	Flat ₹ 75,000 deduction for a person with Disability, irrespective of expense incurred Flat ₹ 1,25,000 deduction for a person with Severe Disability (80% or more), irrespective of expense incurred

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Please note: If Taxpayer is claiming deduction u/s 80U then it is recommended to file form 10-IA also before filing of return.

Form 10IA can be filed later also however it is recommended to file form 10-IA along with return of income to avoid any inconvenience later.

 

 

In addition to tax benefits applicable regardless of age of taxpayer, there are certain enhanced / additional benefits for Senior / Super Senior Citizen. The additional benefits are listed below:

 

Paper filing of Income Tax Return

Super Senior Citizens (aged 80 years or more) have the option to submit their ITR using Form 1 or 4 in offline / paper mode. The e-Filing option also remains available to them.

 

Relief from payment of Advance Tax

As per Section 208, every person whose estimated tax liability for the year is ₹ 10,000 or more, shall pay his tax in advance, in the form of Advance Tax.  But, Section 207 gives relief from payment of Advance Tax to a Resident Senior Citizen. Thus, a Resident Senior Citizen, not having any Income from Business or Profession, is not liable to pay Advance Tax.

 

Income tax deduction on interest on bank deposits

Section 80TTB of the Income Tax Act allows tax benefits on interest earned from deposits with banks, post office or co-operative banks. The deduction is allowed for a maximum interest income of up to ₹ 50,000 earned by the Senior Citizen. Both the interest earned on saving deposits and fixed deposits are eligible for deduction under this provision.

Also, u/s 194A of the Income Tax Act, no Tax is Deducted at Source (TDS) on interest payment of up to ₹ 50,000 by the bank, post office or co-operative bank to a Senior Citizen. This limit is to be computed for every bank individually.

 

Tax benefits with respect to medical insurance and expenditure

According to Section 80D of the Income Tax Act, Senior Citizens may avail a higher deduction of up to ₹ 50,000 for payment of premium towards medical insurance policy. The limit is ₹ 25,000 in case of Non-Senior Citizens.

Further Section 80DDB of the Income Tax Act allows tax deduction on expenses incurred by an individual on himself or a dependent towards the treatment of specific diseases as stated in the act. The maximum deduction amount in case of a senior citizen is ₹ 1 lakh (₹ 40,000 for Non-Senior Citizen taxpayers).

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