Senior citizen ITR benefits: the extra deductions only 60+ get

Senior citizens have specific IT Act provisions that differ from general taxpayers:

Sec 153, Income-tax Act 2025 (old Sec 80TTB): Senior citizens can claim up to ₹50,000 deduction on interest income from banks, post offices, and co-operative banks. (Compare: Sec 153 (old Sec 80TTA) for others, only ₹10,000 on savings account interest only.) Higher basic exemption: Senior citizens (60-80): ₹3L basic exemption. Super senior (80+): ₹5L basic exemption (under old regime). No advance tax for senior citizens: If you're 60+ and do NOT have business income, you do not need to pay advance tax. Only self-assessment tax at year end. TDS exemption: File Form 121 (old Form 15H; 60+) to declare income below tax threshold, bank will not deduct TDS on FD/SCSS interest.