Exemption of interest income on deposits increased to Rs 50,000 for senior citizens

Last updated: 23 May 2021

Relief to Senior Citizens: Exemption of Interest Income on deposits increased to Rs 50,000 Pradhan Mantri Vaya Vandana Yojana extended up to March 2020 Existed limit on investment under PMVVY enhanced to Rs 15 lakhs With the objective of providing a dignified life to senior citizens, the Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley, announced significant incentives for senior citizens. Presenting the General Budget 2018-19 in Parliament here today, the Finance
Daily Limit Reached

You have reached your daily limit of 2 Free News

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?
  • No Ads
  • WhatsApp Community
  • Daily E-Newsletter
  • Unlimited News Access
  • Profile Visitors
  • Link Social Profiles
  • Featured Job Posts
  • Pro Badge
  • Expert GST Guidance
  • Unlimited Forum Replies
  • Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

View all CCI PRO benefits

Already a PRO member? Login here for an ad-free experience. 07941056694



Guest

News posted by

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

View News
Comments :

Recent News :

  1. TDS Challan for FY 2025-26 Valid for TY 2026-27 Under Cross-Year Utilisation Rules
  2. Tax Audit Extension Demand to 31st Oct 2026 Amid GST Relief and Court Rulings
  3. GSTN Introduces New e-Invoicing Facility for Reverse Charge Transactions: RCMDOM and RCMIMP Explained
  4. SEBI Proposes SME IPO Rules 2026: Rs 3 Crore Average Profit and 500 Allottees Proposed
  5. Net Direct Tax Collections Rise 13.21% to Rs 13.38 Lakh Crore Till 14th Oct 2026
  6. RBI Clarifies Foreign Exchange Risk Reserve Rules for Authorised Dealers
  7. Central Excise Duty Revised to Rs 2.5 and Rs 8.5 Per Litre from 16th October 2026
  8. CBIC Chairman Discusses 57th GST Council Reforms with Trade Associations in Bengaluru
  9. IDBI Bank Privatisation: Fairfax Group Wins 60.72% Stake Acquisition Deal
  10. ICAI Gives Last Opportunity to Submit MEF 2026-27 Application on 15th to 16th October

More »

Popular News




Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member madhu sudanmadhu sudanPro Member Arun BoradArun BoradPro Member Devendra Singh JyalaDevendra Singh JyalaPro Member madhu Reddymadhu ReddyPro Member Manoj SharmaManoj Sharma
Subscribe to Pro
Join an elite circle of professionals


Browse by Category



Latest Job Openings

View all
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details