evidence: New tax regime changes explained: Income up to Rs 7.75 lakh exempt from tax, Rs 17,500 savings [...] Rs 0-3 lakh: Nil (unchanged) [...] The basic exemption limits under the Old Tax Regime are set at Rs 2.5 lakh for individuals below 60 years of age, Rs 3 lakh for senior citizens aged 60-80, and Rs 5 lakh for super senior citizens aged 80 and above.