ITR 2025, June 11 -- As income tax (I-T) return filing season is back, taxpayers are busy arranging documents to be able to file their income tax (I-T) return. There are a number of concessions and deductions offered for different category of taxpayers based on different criteria include the age of taxpayers.

For instance, there is a higher exemption limit for senior citizens at the time of filing tax return and higher deduction towards medical expenses for specified diseases. Senior citizens are also allowed income tax deduction on interest income they stand to earn from savings accounts and fixed deposits.

I. Deduction on medical insurance premium: While regular citizens are offered a maximum of Rs.25,000 deduction in form of medical ...