Do senior citizens above 75 need to pay taxes?

“Senior citizens above 75 years, with only pension and interest income, are exempt from filing ITR.”

STC Monitoring Desk

December 30 (STC): Countering a message circulating on social media platforms claiming that senior citizens above 75 no longer have to pay taxes, the central government has clarified that the news is fake.
Government of India’s Press Information Bureau (PIB)— in the PIBFactCheck — says, “The claim regarding senior citizens above 75 years of age NOT HAVING TO PAY TAXES is FAKE!”
PIB further clarifies that Senior citizens above 75 years, with only pension and interest income, are exempt from filing ITR (as per Section 194P). Taxes, if applicable, are deducted by the specified bank after computing the income and eligible deductions.
Notably, the fake message circulated on social media platforms states “Central Government’s Big Announcement – These People Will Not Have to Pay Tax.”
“Senior citizens in India live on income from pension and other schemes. However, on the occasion of 75 years of India’s Independence, senior citizens will no longer have to pay any tax on their income and they will not have to file any income tax return,” reads the fake message.
“According to the information given by the Central Board of Direct Taxes, the Government has changed the law to provide exemption to senior citizens ….,” the message adds.(STC)