Budget 2024: Seniors urge for relaxed tax laws to reduce financial burden
Mon, Jul 1, 2024 2:25 PM

Budget 2024: Seniors urge for relaxed tax laws to reduce financial burden

A Flip by Avya Verma
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Senior citizens in India are seeking financial relief in the upcoming Union Budget 2024-25. They want higher threshold for mediclaim premiums, increasing the deduction limit from Rs 50k to Rs 1 lakh. They also want to lower age limit for ITR exemption from 75 to 60 years, rationalize the lock-in period for investments under Section 80C, and introduce deductions for rent and passive income sources.

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