If I am a resident senior citizen (I cross 60 years of age in a financial year)

General tax rates on my incomes

First Rs. 3,00,000 (exemption limit)                                      :             No tax

Next Rs. 2,00,000 (Over Rs.3,00,000 upto Rs. 5,00,000)   :             5% tax

Next Rs. 5,00,000 (Over Rs.5,00,000 upto Rs. 10,00,000)               :               20% tax

Over this limit (Over Rs. 10,00,000)                                      :             30% tax

So if I am a senior citizen, I get an additional exemption limit of Rs.50,000 (upto Rs.3 lac instead of upto Rs.2.5 lac). But I need to be resident in India first (its resident first and India first).