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    Home»Business»The Advantages of Having a Senior Citizen Card
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    The Advantages of Having a Senior Citizen Card

    MasonBy MasonJanuary 5, 2023No Comments3 Mins Read
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    In recent years, India has developed a variety of medical strategies. As a result, the population has grown and a low mortality rate has been observed. The number of senior citizens has remained stable as people live longer lives and others improve medical conditions and facilities. The government has taken a few steps to provide a better life and sustainability to the country’s elderly citizens. One of the major approaches that has been taken is the senior citizen’s card.

    The following are the various benefits provided by the senior citizen card in India:

    Advantages in income tax returns:

    In India, income tax laws are strictly enforced. However, it is understandable that retirement changes financial situations for senior citizens. This is why the income tax department of India provides some relief to the elderly. The tax department considers anyone who has reached the age of 60 to be a senior citizen. The tax department of the Indian government considers anyone over the age of 80 to be a super senior citizen.

    Senior citizens are exempt from the charge up to Rs. 3 lakh. Salary of Rs. 3-6 lakh is taxed at 10%, while salary of Rs. 5-10 lakh is taxed at 20%. Pay above Rs. 10 lakh is subject to a 30% surcharge.

    You may also benefit from assessment derivation for medical coverage premiums under Section 80D of the Income Tax Act of 1961. Senior citizens suffering from basic disease may be eligible for charge reasoning of up to Rs.50,000.

    Lower flight ticket prices:

    Flight tickets are so expensive that they may burn a hole in the buyers’ pockets. However, a retired senior citizen may struggle to manage that much money. As a result, senior citizens who have a senior citizen’s card benefit greatly from lower ticket prices. Senior citizens are entitled to special discounts and offers when travelling. People over the age of 63 are considered eligible for discounts when travelling in economy class. When flying domestically with Air India, you can save up to 50%.

    In the case of other airlines, such as Jet Airways, the discounts are only available to those over the age of 65. When taking a domestic flight, you can get a 50% refund. However, it is only valid for economy class.

    Lower train ticket prices:

    If an elderly person is looking for opportunities to visit distant family members and relatives, nothing beats the benefits of a senior citizens card. The card can be used to deduct railway ticket prices. Males can get a 40% discount on all railway trains, including the Mail, Rajdhani, and Shatabdi. Female senior citizens, on the other hand, are eligible for a 50% discount. The tickets are discounted only when they are not purchased through tatkal.

    Separate booking counters are available. This is also advantageous because the senior citizen does not have to wait in long lines.

    You can now apply for a senior citizen card after learning about its benefits. You can apply for birth certificates, death certificates, and marriage certificates online, just like you can for senior citizen cards. All you need are the necessary documents and a reliable internet connection.

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