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…
By Aavesh Anand Senior homes should feel safe, comfortable, and easy to move around in. The question is: How do you achieve this? First, you need to widen doorways. If you or someone you love uses a walker or wheelchair, the doorways should be at least 32 inches wide. This makes it easier for seniors to…
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…
By Ansh Chakradhar After one begins to grow old, we notice that most of the elderly around us tend to ingest a large number of prescription medicines. In fact, they take so much medication that taking medicines becomes a regular habit. I am now 70-years-old. However, I have managed to control the urge to have…
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…
By Sunil Saxena Have you ever thought of what will happen to your social media accounts once you die? Will they live on after you? What happens if someone shares content with you? Would you like that? Worse, someone stumbles on your password and starts posting in your name? Many of us spend hours on…
By Sunil Saxena There is little doubt that old age is a curse. But have you realised that it is a bigger curse for women than men. The first reason is widowhood. Women live longer than men, and this adds to their old age woes. According to the projections in The India Ageing Report, 2023…
There can be no bigger boon for the elderly than the Digital Life Certificate (DLC) scheme introduced by the Indian government. The scheme, popularly known by its Hindi name, Jeevan Pramaan, is literally a life saver for Central Government or State Government pensioners and their spouses. Before its introduction, all pensioners had to provide life…
Do you know that the Uttar Pradesh government provides a monthly pension of Rs 1,000 to senior citizens under the Vradhawatha Pension Yojana? The pension is given to senior citizens who fall in the economically weaker category or are below the poverty line. It is transferred directly to the bank accounts of the beneficiaries. The…