Athulya Homecare-Geriatric Home Healthcare

Budget 2019 was expected to bring in a slew of benefits for both seniors and healthcare in India. It did bring in a brief respite by increasing the income tax slab for seniors and pensioners.     How Indian budget 2019 benefits seniors?   Yes, senior citizens above 60 years with an income up to Rs 3,00,000 per annum will pay 0% income tax. Elders above 80 need not pay income tax up to Rs.5,00,000 income p.a. category. Senior citizens between 60-80 years should pay 5% tax if their income p.a. is between Rs. 3,00,000 to 5,00,000. This would accrue a savings of Rs. 2575/-. Super Seniors aged 80 and above will pay 5% income tax if their income is between Rs. 5,00,000 to 10,00,000. This will give them a sizeable savings of Rs.7,725/-.   Apart from this, the TDS limit has been increased for senior citizens from bank and post office deposits. The TDS threshold has been increased from Rs.10,000 to 40,000. This means even without submitting Form15G, sen...