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Relief to Senior Citizens: Exemption of Interest Income on deposits increased to ₹ 50,000

Budget - Dated:- 1-2-2018 - Pradhan Mantri Vaya Vandana Yojana extended up to March 2020 Existed limit on investment under PMVVY enhanced to ₹ 15 lakhs With the objective of providing a dignified life to senior citizens, the Union Minister for .....

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anks and post offices to be increased from ₹ 10,000/- to ₹ 50,000/- and TDS shall not be required to be deducted on such income, under section 194A. This benefit shall be available also for interest from all fixed deposits schemes and rec .....

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claim benefit of deduction up to ₹ 50,000/- per annum in respect of any health insurance premium and/or any general medical expenditure incurred. Further, the Finance Minister proposed raising the limit of deduction for medical expenditure in r .....

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