Web Sify
Follow us on
Sify.com » Topics » Fixed deposits
Fixed deposits News

The 'very senior citizen' advantage
Children can also benefit from the higher basic exemption limit of Rs 5 lakh by clubbing investments. The Union Budget 2011-12 would have definitely brought smiles on senior citizens’ faces. For those above the age of 80, Finance Minister Pranab Mukherjee has created a new category — ‘very senior citizen’ — and doubled their basic exemption limit to Rs 5 lakh. Besides