The wonder Card for Senior Citizen

Union Budget 2015-16

  • Unclaimed deposits of Rs 3,000 crore in PPF and Rs 6000 crore in EPF; to create senior citizens welfare fund from this corpus
  • Limit of deduction of health insurance premium increased from `15000 to ` 25000, for senior citizens limit increased from `20000 to `30000.

Union Budget 2015-16

  • Deduction limit of 60000 with respect to specified decease of serious nature enhanced to ` 80000 in case of senior citizen.
  • Senior citizens above the age of 80 years, who are not covered by health insurance, to be allowed deduction of ` 30000 towards medical expenditures. View More..