Benefits Available To Senior Citizens

In India, senior citizens can avail of a host of benefits that add to their convenience and ease their financial burden.

Some of the most useful facilities available to them.

LOWER TAX

Tax laws are relaxed for the them to ease their financial burden.

* Income of up to Rs 3 lakh is non-taxable.

* For super senior citizens (over 80 year of age), income of up to Rs 5 lakh is non-taxable.

* Health insurance premium of up to Rs 30,000 gets tax deduction under Section 80D of Income Tax Act 1961.

TRAVEL DISCOUNTS
Senior citizens can avail of various discounts on fares.

Air travel
Air-India: Senior citizens with Indian citizenship, who are over 60, are eligible for 50% discount on economy fare for domestic travel.

Rail travel
Men over the age of 60, and women over the age of 58 are eligible for 40% and 50% discount respectively. The discount is available on fares of all classes of Mail/Express Rajdhani/Shatabdi/Jan Shatabdi/ Duranto trains.

Bus travel
Some municipal corporation and state governments give concession to senior citizens on bus fare. Certain bus seats are also reserved for them.