Are you a senior citizen and contemplating what all tax saving options you may consider to minimize your tax outflow? Well , then this video is for you.
Income Tax Act offers some additional tax benefits to the elderly, considering the increased medical expenditure in the retirement age.
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More reading:

Section 194P- Exemption for ITR filing for senior citizen
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ITR Last Date – FY 2020-21, AY 2021-22
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Income Tax Slabs 2021 & Tax Rates for FY 2020-21
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Timestamps:
00:00 Introduction
00:59 Who are senior citizens
01:51 Basic exemption limit benefit
02:36 Manual ITR filing
03:00 ITR filing relief under Section 194P
04:23 Relief from payment of Advance Tax
05:22 Interest on deposit exemption limit
06:10 Additional medical insurance deduction
07:04 Additional deduction for specified illness
07:47 Additional limit for TDS on interest
08:32 NPS account extended entry age
09:45 Standard deductions from pension income
10:00 No tax under the Reverse Mortgage Scheme


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Section 194P, Exemption for ITR filing for senior citizens - [ Ссылка ]

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