The Income Tax Department issues income tax refunds to the individuals who have filed returns over the income tax liability in a particular financial year or an assessment year. Senior citiens and super senior citizens enjoy some income tax benefits. An Indian resident who is of the age 60 and above but below 80 during the respective year is categorized as a senior citizen. Residents above the age of 80 are termed very senior citizens or super senior citizens.

Higher Exemption limit: A senior citizen is granted a higher exemption limit compared to non-senior citizens. The exemption limit for the financial year 2019-20 available to a resident senior citizen is Rs 3 lakh. A very senior citizen is granted a higher exemption limit compared to others. The exemption limit for the financial year 2019-20 available to a resident very senior citizen is Rs 5 lakh. The exemption limit for non-senior citizen is Rs 2.5 lakh.

???Paper Income tax return filing: From the assessment year, 2018-19 onwards any taxpayer filing return of income in Form ITR 1/4 and having a refund claim in the return or having a total income of more than Rs 5 lakh is required to furnish the return of income electronically with or without digital signature or by using electronic verification code. However, Income-tax Law grants relaxation from e-filing to very senior citizen. A very senior citizen filing his return of income in Form ITR 1/4 and having a total income of more than Rs 5 lakh or having a refund claim can file his return of income in paper mode.

Advance tax exemption: As per section 208, every person whose estimated tax liability for the year is Rs 10,000 or more, shall pay his tax in advance, in the form of "advance tax". However, section 207 gives relief from payment of advance tax to a resident senior citizen. A senior citizen not having any income from business or profession, is not liable to pay advance tax.

Tax deduction benefits: Under Section 80TTB of the I-T Act, any income from fixed deposits or saving deposits in banks or post office is taxable. However, under Section 194A of the I-T Act, no tax is deducted from the payment of interest of up to Rs 50,000 for senior citizens.