Smartphones can be complicated for seniors to operate as they have multiple features, and it can take time to get used to them. So, can Android smartphones be more senior-friendly?
The BJP promised to extend the Ayushman Bharat coverage to people aged 70 and above during polls, but the 2024 Budget is silent on that, says an expert.
The old pension scheme may be desirable for one class of people, but it will be a disaster for the rest, so not feasible, says Finance Secretary T.V. Somanathan.
Union Finance Minister Nirmala Sitharaman announced three schemes tied to EPFO enrollments in the Budget 2024-25. How will they attract more youth to the formal sector?
Retirement planning demands a holistic approach that makes use of different financial instruments and strategies to ensure a steady income.
In the Union Budget 2024-25, the government increased the capital gains tax on both short- and long-term gains. Here’s what experts say.
State-wise analysis of payroll data denoted that net member addition is the highest in Maharashtra, Karnataka, Tamil Nadu, Gujarat, and Haryana.
The Income Tax Act exempts special allowance for salaried people under section 10 (14).
Finance Minister Nirmala Sitharaman said deduction of expenditure by employers towards NPS will be increased from 10 to 14 per cent of the employee's salary.
Union Finance Minister Nirmala Sitharaman announced increasing the deduction on family pension for pensioners and salaried individuals from Rs 15,000 to Rs 25,000.
India’s pension sector is on a positive trajectory, the economic survey notes but achieving comprehensive coverage and financial security for all requires sustained effort and collaboration across various sectors.
Section 80U of the Income Tax Act of 1961 allows differently-abled people to claim tax deductions based on the severity of their disabilities and medical proof.
NPS was initially launched in 2004 for the government employees to replace the old pension scheme (OPS) before opening it to all citizens in 2009.
Senior citizens get the benefit of higher interest rates when they invest in a senior citizen fixed deposit (FD) product compared to the interest rate that is offered on regular FD products.
Union Finance Minister Nirmala Sitharaman said on Tuesday that the government wants to make NPS more attractive and flexible while announcing the hike in employers’ contribution to 14 per cent.
Five banks revised their fixed deposit (FD) rates during the week ending on July 20, 2024. Know what they offer to senior citizens.
The National Pension System offers tax benefits on deposits as well as on withdrawals. This social security scheme is open to the citizens of India, including non-resident Indians, to provide financial security in old age
The State Bank of India (SBI) launched a new fixed deposit (FD) scheme, the 444-Day Amrit Vrishti, on July 15, 2024. Know its key features and the rate of interest for senior citizens.
The new regime has lower tax rates and fewer slabs; hence, it has limited the previously available exemptions and deductions, such as those under Section 80C in the old regime.
Keep your National Pension System (NPS) account active when switching jobs by converting it to an all-citizen account. Here’s how to do it.
Life insurance provides critical financial support to the family members after the policyholder’s death; here are a few points to consider when deciding the policy’s duration.
California's vast and varied landscape ensures that elderly travellers can find destinations that cater to their interests while providing comfort and ease of access
“Pursuit of Happiness” is a bittersweet story of a man’s struggle as he claws his way out of poverty and unemployment to become a multimillionaire.
Goa, during the monsoon season, offers a unique and serene experience, far removed from the typical beach and party scene it's famous for
These offbeat destinations offer elderly travellers a chance to escape the crowds, immerse themselves in local culture, and create lasting memories
With its rich history, natural beauty, and warm hospitality, the island promises a fulfilling and enjoyable travel experience for seniors
With its free spectacles, rich cultural tapestry, world-class dining, and diverse entertainment options, Las Vegas is the perfect destination for a stimulating and unforgettable senior vacation
A monsoon road trip in India offers elderly travellers a chance to witness the country's natural beauty in a unique season, but it requires careful planning and preparation
Bangkok's allure lies not only in its bustling streets and vibrant nightlife but also in its ability to cater to travellers of all ages, including the elderly
As India’s population continues to age, it is crucial to increase the budgetary allocation for senior care to a minimum of 1 per cent and expand the initiatives to meet its growing demand.
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Insurers may look for other solutions, such as medicines or equipment for the mobility impaired beyond which policy seniors need once the draft insurance amendment bill is passed.
Many people make the mistake of overlooking retirement planning until the later stages of their career, leading to potential financial calamities.
When considering retirement planning, it is crucial to factor in the uncertainties of inflation alongside the inevitabilities of death and taxes, Says Vaidyanathan.
