2025 Tax Brackets Head Of Household Over 65. Standard deduction under the new income tax regime was hiked to rs 75,000 from rs 50,000 last year. Dependents benefit from a unique calculation that protects their earnings, while seniors receive higher.

Dependents benefit from a unique calculation that protects their earnings, while seniors receive higher. “i now propose to extend the time limit for filing updated returns for any assessment year from the current 2 years to 4 years,” says finance minister nirmala.