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Budget 2024 for Senior Citizens
What are the top expectations for a Senior Citizens from the upcoming Interim Budget 2024-2025? Whatever the profession you are in financialexpress.com has listed all the benefits for each profile on its dedicated page Who Gets What. Navigate through all the declarations and announcements at a glance from the current and past Union Budgets on this page.
Budget 2024 Announcements for Senior Citizens
Senior Citizens
- FM Niramala Sitharaman did not specify anything related to Senior Citizens during Interim Budget 2024 speech.
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Budget Announcements for Senior Citizens in FY2024
Senior Citizens
- The maximum deposit limit for Senior Citizen Savings Scheme will be enhanced from Rs 15 lakh to Rs 30 lakh.
Budget Announcements for Senior Citizens in FY2023
Senior Citizens
- The maximum deposit limit for the Senior Citizen Savings Scheme has been increased from Rs 15 lakhs to Rs 30 lakhs.
Budget Announcements for Senior Citizens in FY2022
Senior Citizens
- Senior citizens aged over 75 with only pension and interest income exempted from filing tax returns; taxes to be deducted by their paying bank.
Budget Announcements for Senior Citizens in FY2021
Senior Citizens
- Increased allocation of Rs. 9,500 crore for senior citizens and Divyang (persons with disabilities) for the year 2020-21.
Budget Announcements for Senior Citizens in FY2020
Senior Citizens
- Tax benefits including deductions on home loan interest, education loan interest, National Pension Scheme contributions, and medical expenses exempt higher-income earners, benefitting around 3 crore middle-class taxpayers, including senior citizens.
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