What all does the 2018 Budget include for senior citizens?
The exemption amount on interest income of senior citizens from deposits in banks and post offices will be increased from â¹10,000 to â¹50,000. Senior citizens will also be able to claim a deduction benefit of â¹50,000 for any medical expenditure. The government will also make senior citizens' fixed deposits and post office deposits of upto â¹50,000 TDS free.