Fact Check: Citizens above 75 years old are exempt from tax

The viral claim that senior citizens above 75 years old are exempt from paying taxes is false.

Fact Check: What is the Truth?

• No Tax Exemption for Senior Citizens Above 75 Years : The Government of India has not announced any such exemption for senior citizens.
• Section 194P – Exemption from Filing ITR, Not Paying Tax : As per Section 194P of the Income Tax Act, 1961, senior citizens aged 75 years or older who have only pension and interest income from the same bank are exempt from filing Income Tax Returns (ITR), senior citizens aged 75 years and above with only pension and interest income from the same bank are exempt from filing ITR. But, this does not mean they are exempt from paying tax. The bank will compute taxable income, apply deductions, and deduct the required tax TDS before crediting the income.
• TDS Deduction by Banks: The specified bank where the senior citizen receives their pension and interest income will compute their total taxable income, apply eligible deductions, and deduct the applicable taxes (TDS) before crediting the amount.
• Taxable Income and Slabs: Senior citizens (60–79 years) get a basic exemption limit of ₹3 lakh. Super senior citizens (80+ years) get a basic exemption limit of ₹5 lakh. Income above these limits is taxable as per the applicable slabs.
• PIB Fact Check Declares the Viral Claim Fake : The Press Information Bureau (PIB) debunked the viral claim, confirming that senior citizens above 75 years are only exempt from filing ITR, not from paying tax.

Conclusion:

• False Claim: Senior citizens above 75 years are NOT automatically exempt from paying taxes. Senior citizens above 75 years are exempt from paying tax. Fact: They are only exempt from filing ITR under Section 194P, but taxes (if applicable) will still be deducted by the bank. Always verify tax-related claims through official sources like the Income Tax Department and PIB Fact Check before believing social media messages. They are only exempt from filing ITR if they meet the conditions u/s 194P. Taxes, if applicable, are deducted by the bank after considering deductions. Thus, the claim is misleading, and people should refer to official tax guidelines before believing such messages.

Income Tax Saving guidance for the AY 2025-26

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