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Grant more medi-benefits this budget: Senior citizens

Senior citizens’ wish list for the Finance Minister for budget 2011 is rather long this time. Last year, this class got a health booster of uniform, concessional 5% duty on all medical appliances.

February 07, 2011 / 13:24 IST
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Budget 2010 gave senior citizens a health booster in the form of a uniform,  concession of 5% duty on all medical appliances. Currently they enjoy a tax exemption for an income limit of Rs 240,000.

Current tax slab for senior citizens 

Taxable income (in Rs)

Rate (%)

Up to 240,000

Nil

240,001 - 500,000

10

500,001 - 800,000

20

800,001 upwards

30*

 

 

 

 

 

      The senior citizens
first published: Jan 27, 2011 08:19 pm

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