Open Letter to the PM from Snr Citizens
At the outset congratulations for all your acheivements. We wish you all success in all your endeavors i.e "Make in India", " Swachh Bharat" "Digital India" etc.....
Our humble request and we know that only you can do it:
1. Raise rate of interest to 10 % on SCSS (Senior Citizen Savings Schemes) in all nationalised banks. Currently it is 8.6 percent. Please make it monthly instead of quarterly.
Raise the limit from 15 lacs to 30 lacs and raise the time period from 5 years to 15 years. With this senior citizens will be able to get rupees 25000 monthly interest. It could make them independent, live peacefully and gracefully.
2. Please raise the exemption limit of Income tax from three lacs to five lacs for the seniors.
No returns to be filed and no form 15 H to be filled if their income is less than five lacs.
3. Provide medicines at flat 30 % rebate on submission of Aadhaar Card ( this shouldn't be a problem as wholesale rebates are already 30-40%.
The cost of tests have gone high so we hope to get concession in pathology checkups, treatments and surgery.
4. If the age limit for medical insurance is raised to 85 along with a contribution from the government that would be great help.
Now a days parents have become a burden to the children and they leave them at their own plight.
God bless you and jug jug jiyo!
Please help us to live in peace and with dignity.
Warm regards
Senior Citizens of India more
Our humble request and we know that only you can do it:
1. Raise rate of interest to 10 % on SCSS (Senior Citizen Savings Schemes) in all nationalised banks. Currently it is 8.6 percent. Please make it monthly instead of quarterly.
Raise the limit from 15 lacs to 30 lacs and raise the time period from 5 years to 15 years. With this senior citizens will be able to get rupees 25000 monthly interest. It could make them independent, live peacefully and gracefully.
2. Please raise the exemption limit of Income tax from three lacs to five lacs for the seniors.
No returns to be filed and no form 15 H to be filled if their income is less than five lacs.
3. Provide medicines at flat 30 % rebate on submission of Aadhaar Card ( this shouldn't be a problem as wholesale rebates are already 30-40%.
The cost of tests have gone high so we hope to get concession in pathology checkups, treatments and surgery.
4. If the age limit for medical insurance is raised to 85 along with a contribution from the government that would be great help.
Now a days parents have become a burden to the children and they leave them at their own plight.
God bless you and jug jug jiyo!
Please help us to live in peace and with dignity.
Warm regards
Senior Citizens of India more
Viewed by 501
View all 47 comments Below 47 comments
thank you very much but i do not know how to write a petition and get signature if any body helps us it would be great On Sat, May 13, 2017 at 3:23 PM, Wg Cdr NAtarajan < support@localcirclesmail.com> wrote: > more
May 19
Dear Sir, take a statement from bank on the R/D account which you are holding.You must found there the interest part,because one time you deposited a certain amount for the period of one year,after one year what growth you got that is your interest and earning.Add your other earning if any, like pension,interest from other sources and from R/D.Deduct senior citizen deduction after of that is it taxable money left,plz. pay tax...may be it will 5-10%. Pay tax and hold your head high ..... On Wed, May 17, 2017 at 11:44 AM, Rajkumar Agarwal < support@localcirclesmail.com> wrote: > more
May 18
Hope fully Mr. sharma may be wrong. The senior citizen savings scheme presently giving only 8.3% not 8.6% but taxable. I am getting 7.8% for senior citizen fixed deposit and my savings account is linked to sweep account and in which also i am getting 7.8 % I request finance minister should reconsider to remove the tax on interest on fixed deposits and savings account interest. If it is not done a day will come most of the people withdraw their FDs and put in mutual funds and banks may find it difficult to give loans. Our country cannot be compared with US interest rates. Or people should be given sufficient education in share market and mutual funds more
May 17
Sir, Pl guide me. Interest earned from recurring deposit a/c how it will be calculated in Income tax return. If recurring deposit a/c is for 5 years. more
May 17
Mr Ramesh C Mandal, Please check with your bank or change the bank. Please refer the site and you should show this to the bank manager too. http://pmjandhanyojana.co.in/senior-citizen-saving-scheme-scss-post-office-sbi/ more
May 17
