What senior citizens can expect from Budget 2024

Most senior citizens depend on passive income to meet day-to-day expenses

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They require greater financial support and handholding than any other age group

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Senior citizens expect an increase in the tax exemption limits

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They also expect tax-free pensions from NPS, EPS, etc

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Increase deduction amount u/s 80TTB from Rs 50,000 for interest from savings bank account and fixed deposits

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Enhance deduction limit u/s 80D of the I-T Act from Rs 50,000 to Rs 75,000

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Schemes that give them stability and income growth

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Relaxation in tax filing is also on their wishlist

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