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Why super seniors must file tax this yr
Mint New Delhi
|September 15, 2025
I'm a super senior with ₹7.8 lakh FD interest, ₹4,927 SB interest, and SCSS account. Wife (74) got bank interest of ₹5.45 lakh, and ₹2.64 lakh rent in FY25. We don't have any other investment. What's our ITR liability? —Ramasubramanian
As a super senior citizen (80+), your basic exemption limit for FY25 is ₹5 lakh under the old tax regime and ₹3 lakh under the new regime. Your total bank interest income—₹7.8 lakh (fixed deposits) and ₹4,927 (savings account)—exceeds both limits. The SCSS interest will also be taxable and must be reported under "Income from Other Sources."
Bu hikaye Mint New Delhi dergisinin September 15, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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