Sl No	Particulars	Benifits	Applied To
1	Maximum amount of income which is not chargeable to Income-tax	Rs. 2,50,000	Individual / HUF
2	Maximum amount of income which is not chargeable to Income-tax in the hands of a resident senior citizen, who is at least 60 Years of age at any time during the previous year but less than 80 Years of age on the last day of the previous year	Rs. 3,00,000	Resident Senior Citizen
3	Maximum amount of income which is not chargeable to Income-tax in the hands of a resident super senior citizen who is at least 80 Years of age at any time during the previous year	Rs. 5,00,000	Resident Super Senior Citizen
4	Rebate to resident individual whose total income does not exceed Rs. 5,00,000 [Section 87A]	Tax payable but subject to maximum of Rs. 12,500	Resident Individual
5	HUF is assessed to tax as a separate entity	HUF is treated as a person distinct from Individual members or Karta.	HUF
6	Concessional tax regime under section 115BAC	Option for payment of taxes at reduced rates (subject to certain conditions)	Individuals and HUF

Note - Benefits available only to Individuals & Hindu Undivided Family