Income Tax Alert: Are Senior Citizens Above 75 Really Exempt from Taxes? Here's the Truth

A viral message has been circulating online, claiming that senior citizens above the age of 75 no longer have to pay income tax. This has raised curiosity and questions among taxpayers. Let's separate fact from fiction.

What’s the Claim?

According to a viral post, the central government has made a "big announcement," stating that citizens above 75 years will be completely exempt from paying income tax. The post claims this change is part of India’s 75th independence anniversary celebrations.

Reality Check by PIB

The Press Information Bureau (PIB) investigated the claim and found it to be false. PIB clarified that no such blanket exemption exists for all senior citizens above 75.

Here’s the truth:

• Senior citizens above 75 years, whose income comes only from pension and bank interest, are exempted from filing Income Tax Returns (ITR).
• However, if any tax is applicable on their income, it is deducted at the bank level based on the income and eligible deductions.

Beware of Fake News

This viral claim is a reminder to verify information before believing or sharing it. PIB has urged citizens to rely on official announcements for accurate updates on tax policies.

Key Takeaway

Senior citizens should note that while some procedural relief exists (like no need to file ITR under specific conditions), the claim of "no income tax for all above 75" is not true. Always stay informed through trusted sources!