Tax Laws for Senior Citizens

Taxation for Senior citizens Senior citizens have always had a special place in Indian society. This aspect has been acknowledged and respected even by the Indian tax laws, which attempt to cushion our elders by easing the tax paying and compliance process for them through certain benefits and deductions. Under the Income-tax Act, 1961, a 'Senior Citizen' has been defined as an individual who attains the age of 60 years at any time during a financial year, while an individual who is 80 years or more is categorised as 'Very Senior Citizen'. These categories of individuals enjoy some additional benefits…... Read More

How to select the APT health cover?

We all believe in the age old saying that ‘health is wealth’. However, with increasing medical costs it is becoming increasingly difficult for the common man to deal with emergency medical expenses. In comparison with its global counterparts, India today has one of the highest out of pocket spends at 61% which is a clear indication of the humongous stress on one’s budget and savings. To add to the woes of inflation going northwards, lifestyle changes and other environmental factors are adding to the rise in medical disorders and acute diseases. Taking note of the above mentioned factors and uncertainty…... Read More

Investment Options for Retired People

Would you want to enjoy life in your retirement days or let these unplanned events ruin your peace time to time? Imagine yourself in your 60’s, having morning tea with your beloved spouse in the garden of your house. This is a peaceful moment you always wanted to share with your life partner, without having to worry about numerous liabilities. Suddenly your daughter and son – in – law inform you about their upcoming vacation plan, which they want to spend with you. Conflicting situation isn’t it? You can enjoy with your children for few days. At the same time,…... Read More

How to be prepared for a medical emergency

Life is unpredictable. Nothing can be taken for granted and least of all – one’s health. Though maintaining a healthy lifestyle and getting regular health check-ups will go a long way in preventing emergency situations, sometimes one just can’t be prepared enough. Here’s what you can do to be prepared well enough when faced with medical emergencies: a) First-aid box – the best thing to have handy when faced with situations involving wounds, burns, cuts etc, whether it’s at home or office. A basic first aid box must contain an antiseptic solution, burnol, sterile cotton, gauze , adhesive medicated plasters,…... Read More

A new year gift for senior citizens soon

KOCHI: Police will soon launch a programme to ensure the security of senior citizens, who are staying alone in the city. Each senior citizen will be given a 'patta' book and a policeman, visiting their homes once a week, will record his remarks and the details of the visit. City police decided to expedite the implementation of the senior citizen protection scheme after a 75-year-old woman was robbed at knife-point by two thieves at her residence on November 13, 2011. During the initial stage, city police will implement the patta book system in 50 homes under the central police station…... Read More

Cup of Coffee on the wall

A CUP OF COFFEE ON THE WALL ===================== I sat with my friend in a well-known coffee shop in a neighboring town of Venice, the city of lights and water. As we enjoyed our coffee, a man entered and sat on an empty table beside us. He called the waiter and placed his order saying, Two cups of coffee, one of them there on the wall. We heard this order with rather interest and observed that he was served with one cup of coffee but he paid for two. As soon as he left, the waiter pasted a piece of…... Read More

Elderly Women killed

An 80-year old widow was found murdered in a suspected robbery at her home in Outer Delhi’s Narela on Thursday morning, police said. A case of murder has been registered at Narela police station. Police said they received a call around 9.30 am from the neighbour of Shanti Devi, who has been living alone for the past nine years since her husband’s death. “Her neighbours and relatives found her unconscious on the floor and noticed that her gold ornaments, including a nose ring, earrings and a gold pendant, were missing. They immediately called police. We are probing the robbery angle,…... Read More

Aged Couple Murdered!

In a gruesome incident, an old couple – D.K. Murthy Chetty, 70, and Ramadevi, 65 – was brutally murdered at their house in Gajjalavaripalle village of Chowdepalle mandal in the early hours of Monday. The couple had been living in the village since two decades, and their three daughters were married a decade ago. Murthy Chetty runs a fair price shop at Kolimpalle village in the same mandal. He also has a money lending and pawn brokering business. Going by the scene of the murder, the police said that the culprits could have thoroughly watched the couple for a long…... Read More

Why Do We Fall And How To Avoid Falling

The Fall Itself Several factors can lead to a fall. Loss of footing or traction is a common cause of falls. Loss of footing occurs when there is less than total contact between one's foot and the ground or floor. Loss of traction occurs when one's feet slip on wet or slippery ground or floor. Other examples of loss of traction include tripping, especially over uneven surfaces such as sidewalks, curbs, or floor elevations that result from carpeting, risers, or scatter rugs. Loss of footing also happens from using household items intended for other purposes – for example, climbing on…... Read More