Every Senior Citizen must know these important right||Senior citizens benefits||Black and white||

Summary

In this video, Advocate Gitesh Chandra explains key benefits for senior citizens introduced in India's 2025 budget. He discusses the tax exemptions on interest for Fixed Deposits, rental income, and health coverage, including the creation of Ayushman cards for senior citizens aged 70+. He also addresses challenges faced by seniors, such as inadequate care and legal rights, urging viewers to be aware of their entitlements. Gitesh emphasizes the importance of staying informed about the law and utilizing these benefits effectively to ensure a better quality of life for senior citizens.

Takeaways

• 😀 Senior citizens (men aged 60+ and women aged 58+) are eligible for various benefits under the 2025 budget.
• 💰 Senior citizens will not have to pay TDS on fixed deposit (FD) interest up to ₹1 lakh, whether the FD is in a bank or post office.
• 🏠 If senior citizens earn rent up to ₹6 lakh annually from property, they are exempt from paying TDS on the rental income.
• 🩺 Senior citizens aged 70 and above, including retired government employees, are now eligible for the Ayushman Bharat card, which provides healthcare coverage up to ₹5 lakh.
• 📈 Senior citizens with fixed deposits in post offices will also receive TDS exemptions on interest up to ₹1 lakh, similar to bank FDs.
• 💸 Senior citizens aged 75 and above will receive additional tax exemptions under the new budget provisions.
• 🎰 Senior citizens will not be taxed on lottery winnings up to ₹10,000 if the lottery is legal in their state; winnings above ₹10,000 will be taxed.
• ⚖️ The Senior Citizens Act of 2007 protects the legal rights of senior citizens, ensuring they have access to justice if mistreated or neglected.
• ✍️ Senior citizens are encouraged to file written complaints if they face discrimination or issues at banks, railway stations, or hospitals due to their age.
• 💡 Legal knowledge and awareness are crucial for senior citizens to fully utilize the benefits offered by the 2025 budget and protect their rights.

Q & A

Who qualifies as a senior citizen in India according to the video?

In India, a senior citizen is defined as a person aged 60 years and above. For women, the age is 58 years.

What are the tax benefits for senior citizens regarding fixed deposits in the 2025 budget?

Senior citizens will not have to pay TDS on interest income up to ₹1 lakh from fixed deposits.

How does the 2025 budget support senior citizens with rental income?

Senior citizens earning up to ₹6 lakh in rental income will not be subject to TDS.

What healthcare benefits are available for retired government employees who are senior citizens?

Senior citizens aged 70 and above who were retired from government jobs can now obtain an Ayushman Card, which provides healthcare coverage of up to ₹5 lakh.

Are there any benefits for senior citizens who invest in post office schemes?

Yes, senior citizens will also enjoy TDS exemptions on interest earned from fixed deposits in post offices, up to ₹1 lakh.

What tax relief is provided to senior citizens aged 75 and above?

Senior citizens aged 75 years and older will receive additional tax exemptions in the 2025 budget.

What is the limit for lottery winnings where TDS is not applicable for senior citizens?

Senior citizens will not have TDS deducted from lottery winnings up to ₹10,000 in states where lotteries are legal.

Why is it important for senior citizens to be aware of the benefits available to them?

Awareness is crucial because senior citizens can only take advantage of the benefits if they understand the rules and provisions set forth in the budget.

What is the Senior Citizen Act 2007 mentioned in the video?

The Senior Citizen Act 2007 is a special law designed to protect the rights and interests of senior citizens in India, outlining the benefits and protections available to them.

What should senior citizens do if they face difficulties in accessing their rights?

If senior citizens encounter difficulties, they should file a written complaint to the relevant authorities or higher officials to ensure their concerns are addressed.