2025 Tax Brackets And Standard Deduction For Seniors. This increase reflects the additional financial considerations that often come with being a. In this article, we'll look into what the standard deduction entails for individuals over 65 in 2024 and 2025, how it differs from standard deductions for younger taxpayers, and.

Nil tax slab will apply for annual income up to ₹ 12 lakh ( ₹ 12.75 lakh for salaried taxpayers with a standard deduction of ₹ 75,000) under the new tax regime. These changes will be effective from 1 april.