The digital arrest trap: Protecting the elderly from cybercriminals 

The digital arrest trap: Protecting the elderly from cybercriminals 

By Sunil Saxena Cybercrime in India is evolving fast. Once it was just phishing emails, but now it’s getting more complex. Criminals are using apps like Skype and WhatsApp to trick people, especially the elderly, to part with their hard-earned money. Recently, these criminals did the unthinkable. They put the Chairman of Vardhman Group, Mr…

How you can save tax under Section 80D on medical grounds

How you can save tax under Section 80D on medical grounds

For a senior citizen who has stopped working every rupee saved is like a rupee earned. This is where Section 80D of the Income-tax Act, 1961 is an important tax saving clause that every senior citizen needs to understand. This section empowers senior citizens to claim deductions on medical insurance premiums. A senior citizen who…

A comprehensive list of welfare schemes for senior citizens

A comprehensive list of welfare schemes for senior citizens

The government keeps announcing special schemes for senior citizens from time to time. Some of these schemes catch the eyes of the intended beneficiaries; but many never reach the intended targets. The India Ageing Report 2023 attributes lack of awareness among the elderly as a major reason for the low utilisation of the schemes. The…

All that you need to know about Senior Citizens Savings Scheme

All that you need to know about Senior Citizens Savings Scheme

The Senior Citizens Saving Scheme (SCSS) is a government-backed scheme that provides guaranteed returns on a quarterly basis. It enables senior citizens to enjoy assured returns post-retirement. The scheme initially allowed a maximum investment of Rs 15 lakhs. Since April 1, 2023, this threshold has been doubled to Rs 30 lakhs. The current interest rate…