4)"I
would have liked to see the age limit at 60, as
opposed to the current 65. Now that would have
been a good move. Most people retire at 55-60.
They won't get this benefit for the next five
years. Moreover, as per the IT Act, a senior citizen
is 65 or above, but for many investment schemes,
a person is categorised as a senior citizen at
60. This disconnect could have been done away
with. " Amar Pandit, Financial planner.
5)"What is important is this budget has
to be studied at a macro level. Last year, the
issue was personal finance. This year, it is
issues like interest rates, inflation and currency.
The macro level will be affected by inflation
and interest rates. This will ultimately affect
the retirees. I am not so worried about the
younger ones." Zankhana Shah, Financial
planner
6)"A senior citizen, with Rs 1 lakh invested
in a 5-year tax deductible Bank FD, and another
Rs 20,000 paid as medical insurance premium,
can earn tax-free gross income of upto Rs 3.15
lakh a year, or Rs 26,250 a month."
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