Consider the following tax benefits have been introduced for senior citizens in the Union Budget 2025-26?
1. The TDS exemption limit on interest earned by senior citizens has been increased from ₹50,000 to ₹1 lakh.
2. The standard deduction for pensioners has been increased from ₹50,000 to ₹75,000.
3. A new exemption has been introduced for senior citizens on capital gains tax up to ₹5 lakh per annum.
4. Medical expenses for senior citizens above 75 years are now fully tax-deductible.
Which of the statements given above are correct?
1
1 and 2 only
2
1, 3, and 4 only
3
2 and 4 only
4
1, 2, 3, and 4