- ET Wealth lists some of the most useful facilities available to them.
- Income of up to Rs 3 lakh is non-taxable.
- For super senior citizens (over 80 year of age), income of up to Rs 5 lakh is non-taxable.
- Health insurance premium of up to Rs 30,000 gets tax deduction under Section 80D of Income Tax Act 1961.
- Senior citizens suffering from a critical illness can avail a tax deduction of up to Rs 60,000 under Section 80DDB. The limit is increased to Rs 80,000 for super seniors.