Senior citizens for the government of India are Indian residents between 60 and 80 years of age. The tax slabs applicable to them are:

Income tax slabs

Tax rate

Health and Education Cess

Income up to Rs 3,00,000*

No tax

Nil

Income from Rs 3,00,000 – Rs 5,00,000

5%

4% of Income Tax

Income from Rs 5,00,000 – 10,00,000

20%

4% of Income Tax

Income more than Rs 10,00,000

30%

4% of Income Tax