Senior Citizens Budget Benefits

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Budget 2023: Senior citizens want more medical insurance deductions, tax-free pension

Increased cost of healthcare for senior citizens, particularly post COVID-19, warrants a higher deduction limit for premiums as well as routine medical expenses, say financial planners. A higher deduction for interest earned on fixed deposits would also bode well for senior citizens, in Budget 2023.

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Senior Citizens Budget Benefits

Budget 2023: Senior citizens want more medical insurance deductions, tax-free pension