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senior citizen News
Under what conditions did the Senior Citizen get tax exemption in Union Budget 2021?
Mon, Feb 01, 2021
Presenting the Union Budget for FY21-22, Finance Minister Nirmala Sitharaman today proposed no filing of Income Tax Return (ITR) by senior citizens who are above 75 years of age and have an only pension and interest income.
Senior Citizen Savings Schemes: Top 5 money making options after retirement
Thu, Mar 12, 2020
Senior Citizen Savings Schemes: It's okay if you are not working after retirement but it's not all right if your money is not working. Keep your money at work when you are not working.
Retirement Planning: Hot money tips! Save today for financially secured and stable future
Tue, Feb 04, 2020
Retirement Planning: As the Indian youth today do not value saving for retirement, social security post-retirement is a major concern in India.
Budget 2020: Demand grows for full income tax rebate on Senior Citizen Savings Scheme
Fri, Jan 24, 2020
Budget 2020: Senior citizens are expecting from Nirmala Sitharaman to announce a full tax rebate on Senior Citizen Saving Scheme.
Mediclaim for senior citizens: 3 top health insurance myths busted
Wed, Dec 04, 2019
Senior Citizen Health Insurance: Elderly people pay around Rs 20,000 to Rs 30,000 a year in health insurance premiums, depending on the health of the insured and policy benefits.
World Senior Citizen Day 2019: Agewell Foundation survey reveals how financial freedom can be brought to the elderly
Wed, Aug 21, 2019
World Senior Citizen Day 2019: There is a need for initiating dedicated fund for 60+ population that provides exclusive safety and financial security.
Indian Railways: Discounts for senior citizens - Check details
Tue, Jun 18, 2019
To avail this discount, senior citizens need to prove that he/she is a senior citizen through a valid ID proof, while going on a journey through Indian Railways.
Want to make money? Check out HDFC Bank Fixed Deposit interest rates applicable from this month - this is how much you will earn now
Fri, Jun 14, 2019
HDFC Bank also allows the benefit for reinvestment of FDs on maturity. The minimum tenure for availing FDs at this bank is 7 days.
Income tax returns: Senior citizen with medical insurance, fixed deposits? Check benefits available
Mon, Jun 03, 2019
According to the Income-Tax department, a senior citizen is defined as someone whose age is 60 years but less than 80 years during the respective year.
Income Tax slab rates for FY19; Key highlights
Mon, Feb 12, 2018
If you missed the Budget highlights related to personal income tax, here are the details which you need to know if you are working in any organisation and fall under the tax slab. Introduction of Standard Deduction of Rs 40,000
Budget 2018: Boon or bane for individual tax payers?
Fri, Feb 02, 2018
The Finance Minister in his Budget speech mentioned that there would be no changes to individual income-tax rates as the government has made many positive changes in the personal income-tax in the last three years.
9 lakh seniors give up ticket subsidy in 3 months, Railways saves
Sun, Dec 03, 2017
Under the scheme launched last year, senior citizens had the option to either avail the full concession provided to them on rail tickets or forgo the entire amount. This year, a new option was added in which a senior citizen can give up 50 per cent of the subsidy.
Instead of fixed deposits, retirees can now pick mutual fund schemes
Thu, Nov 23, 2017
Mutual fund market is a pool of savings contributed by multiple investors. Investment in this fund can be done in various asset classes like equity, debt and liquid assets.