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Investing for Seniors: Tax benefits and other perks

Even after retirement, it is important for every citizen to declare their income and pay taxes. Fortunately, senior citizens are eligible for several tax benefits due to their limited source of income. While pension money, rental income, and interest on savings and fixed deposits can be sources of income for seniors, it may not always be sufficient to lead a comfortable life, especially with unexpected expenses such as hospitalisation. As a result, the government provides tax benefits to senior citizens, even on health insurance. Keep reading to discover more about these benefits.


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