Date: Sun, Feb 7, 2010 at 6:23 PM
Subject: AGE FOR SENIOR CITIZENS
To: budgettwentyten@gmail.com
Subject: AGE FOR SENIOR CITIZENS
To: budgettwentyten@gmail.com
Age for senior citizens as per all laws except income tax act is 60 years. Income tax act is the only act which considers senior citizens only when the person is above 65 and allows benefits under I T act only after the age of 65.
Moreover people retire between 55 to 60 depending upon the govt. and or organisation where they are working.
Every finance minister has promised to remove this anomalies but none has done the same.
Only source of income for retired people is interest from their savings from P F or other savings and due to that their living standard is declining every day.
It is requested that Finance may be apprised about this anomalies .
I am professor in commerce in Delhi university and appealing to finance minister on behalf of senior citizen.
DR. D P GUPTA
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