Update: Tax deduction limit on interest income for senior citizens increased to Rs 1 lakh, check details

TDS for Senior Citizens Tax deduction limit on interest income for senior citizens increased to Rs 1 lakh Finance Minister Nirmala Sitharaman has announced several concessions for senior citizens while presenting the Budget 2025-26. From income tax deduction to withdrawal in savings schemes, many rules have been changed. Before the budget, the Finance Minister was being requested that in view of the rising inflation rate, steps should be taken in the budget to ensure financial security of senior citizens. Know Details

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