Senior citizens, defined as residents aged 60 years or above but less than 80, have different criteria for filing an ITR.
This benefit does not extend to senior citizens, who have a more advantageous threshold under Section 80TTB.
Currently, Vayovrudha Charitable Trust provides comprehensive care and services monthly to 130 orphaned seniors.
To improve the quality of lives of older people, a designer and researcher came up with innovative solutions.
Banks offer additional interest rate to senior citizens on fixed deposits. During the pandemic, some banks announced special fixed deposit schemes.