According to Income Tax Act, 1961, those who on last day of financial year (for 2016-17 is 31-Mar-2017) , have attained 60 years of age belong to the Senior citizen category and those aged 80 or more belong to the Very senior citizen category.These definitions apply ONLY to Resident i...
There is no need to submit tax proof. Condition for Senior Citizens When They Can’t Avail Standard Deduction In the event, the senior citizen does not have a pension or salary income, then he will be unable to avail of the deduction as given in the provision. For instance, a senior ...
Form 12BBA the details required for Senior Citizen above 75 years not required to file Income Tax Returns Form 12BBA the details required for Senior Citizen above 75 years not required to file Income Tax Returns Notification Notifications for the details required for Senior Citizen above 75 years ...
Section 80D Deduction:This section of the Income Tax Act allows individuals to claim deductions on the premiums paid towards health insurance for themselves, their spouse, dependent children, and parents, including senior citizen parents. For Senior Citizens:As per the tax laws in India, senior ci...
Emoha offers personalized elder care services at home to ensure the well-being and comfort of seniors. Get the best senior care in India from expert caregivers, nurses, and doctors.
Senior citizens and a very senior citizen are granted a higher exemption limit as compared to normal tax payers. Exemption limit is the quantum of income up to which a person is not liable to pay tax.
During the last one decade there has been significant demographic change in India's population due to globalization and improved medical facility and lifestyle. The fall of joint family system and rise in nuclear family system has brought new dimension to the care and welfare of Elderly. The pop...
Vandaan Senior Citizens Home is associated with Vardaan Hospital has always been a senior citizen friendly hospital and has been takening special care of senior citizens. It has been actively associated with Helpage India. A Day Care Centre for Senior Citizens set up was in associated with ...
What are the document that are required to be submitted while purchasing a senior citizen health insurance plan? What are the Tax Benefits of Senior Citizen Health Insurance? Why should one buy medical insurance for Senior Citizens? What should I look out for in Senior Citizen Mediclaim insurance...
However, interest is subject to tax as per individual tax slab. Scheme Name Senior Citizen Saving Scheme Interest Rate 8.20% p.a. Tenure 5 Year Age Above 55 Years Maximum Investment Rs. 30,00,000 Minimum Investment Rs. 1000 SCSS Interest Rate 2024 The SCSS interest rate for current quarter...