In Budget 2025, Finance Minister Nirmala Sitharaman announced doubling of tax deduction limit on interest for senior citizens from the current ₹50,000 to ₹1 lakh. Sitharaman proposed to exempt withdrawals made from NSS by individuals on or after August 29, 2024 while accounting for elderly people. Similarly, annual limit of ₹2.4 lakh for TDS on rent hiked to ₹6 lakh.