Secured earning for Senior Citizens

very good idea. No TDS should be made for senior citizen. In LIC Tax has been deducted from the maturity amount this year for the survival benefits paid 3 years and 6 years back which is wrong. Which tax rules says this?. they are torturing senior citizen. This is a serious matter. Finance minister should give instructions immediately to LIC for non deduction of tax for the survival benefits paid previous years especially for senior citizen. more  

Rich Preview Image
Secured earning for Senior Citizens
I raised this point on earlier occasions also. No relief seen in any budget. I made a suggestion as follows: There are some schemes exclusively for the benefit of Senior Citizens like Senior Citizens Savings Scheme in Post Offices and PMVVY with LIC. I do not know about any other scheme. However, these schemes are for a very limited period like 5 years and 10 years. Senior citizens wish to lead a respectful life at that stage and not to depend on others for financial needs. The above schemes appears to be good for that purpose. The concern here is they are for limited period of 5/10 years and thereafter what? Where the Senior citizens to invest and have secured earnings? With this point in my mind I put it our circle that Senior Citizens schemes shall be provided for life. This will enable senior citizens to receive secured income throughout their life time. Here we need to consider one thing. Mostly the people saving in these schemes are from retired employee groups and who have paid taxes during their career. They are not getting any return for taxes paid and private sector employees get only EPFO pension, which is meagre to say the least. The senior citizens can not run from pillar to post to look for safe and secured saving schemes from time to time. If the Govt. is not protecting senior citizens with appropriate schemes their lives will become miserable and they may be tempted for short term gains etc., and lose their savings. The request here is make senior citizen schemes for life and they deserve this kind of benefit too as the provided inputs for national building during their employment times.
Post a Comment

Related Posts

    • Omicron patient details

      Here are all the details of the two patients provided by Bruhat Bengaluru Mahanagara Palike: Patient 1 Age: 66 years/ Male Date of sample collection: November 20, 2021 Place of ...

      By Ashima Gupta
      /
    • Why are people giving up on covid vaccine

      45.14 lakh people were due for their 2nd Covid vaccine shot in Karnataka till 9.30 am on Wednesday. Among those are not only 41.75 lakh common citizens, but also 77,406 health workers & 2.62 la...

      By Ashima Gupta
      /
    • Ganesha Pandals permitted - bad decision

      Karnataka govt gives in to pressure from organisations. Allows public Ganesha pandals. It had earlier said no public gatherings would be allowed. Pics 1 & 2: order dated Aug 12 banning gat...

      By Shirisha Kumar
      /
    • RTPCR if coming from Maharashtra

      Bangalore is asking for RTPCR report from people coming from Mumbai even if they are already fully vaccinated. What’s the point of full vaccination then ?

      By Ashima Gupta
      /
    • Deputy Chief Minister

      I cant come to terms that the person who was watching pornography in the assembly is now the deputy chief minister. I mean come freaking on, cant we do better as a state? If he was doin...

      By Ashima Gupta
      /
    • COVID 2nd wave handling: Karnataka ranks 13th

      Thanks to all members who participated in the COVID 2nd wave handling survey. We are pleased to share that Karnataka Government secured 13th rank nationally basis your assessment and below is the f...

      By LocalCircles Manager
      /
    • Karnataka new lockdown rules

      Attached please find latest rules

      By Ashima Gupta
      /
    • Karnataka lockdown till June 7th now

      Attached govt notification. However Govt must not inconvenience people. Needed some things urgently due to leakage in piping at home and could not get the repair done. No supplies no labour.

      By Shirisha Kumar
      /
    • Covaxin Shortage!

      Covaxin When the vaccines appeared on the scene, no one had on option and they had to accept whatever vaccine that was available in the centre near to them. There is ...

      By V Kannan Iyer
      /
    • Karnataka Lockdown rules attached

      Karnataka lockdown: What is not allowed *Metro Rail, taxi and bus services (except while hired for emergency). *Schools and colleges (Online/ distance learning is permitted). *Cinem...

      By Ashima Gupta
      /
    • So, what is "new" in the latest lockdown rules?

      I have been trying to understand what is that at least one point difference in the latest lockdown rules (may 10 to 24) and the previous one, but have not been able to figure out. If any of you can...

      By Padmanabhan G
      /
Share
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)