Every individual who is earning is required to pay income tax as per the income tax slab. Certain exemptions are also provided by the government on the tax. However, senior citizens and a very/super senior citizen are granted a higher exemption limit as compared to normal taxpayers.

The exemption limit for the assessment year 2021-22 available to a resident senior citizen is Rs 3,00,000 while for non-senior citizen it is Rs 2,50,000. A very senior citizen is granted a higher exemption limit compared to others. The exemption limit for the assessment year 2021-22 available to a resident very senior citizen is Rs 5,00,000.