Almost 70% senior citizens in India have a chronic illness

Two in every three senior citizens in India suffer from some chronic disease, according to the first Longitudinal Ageing Study in India (LASI) released by the Union Ministry of Family and Health Welfare on January 6 2020. Around 23 per cent of the elderly population (age 60 years and above) have multi-morbidities; elderly women are…

10 Government Schemes Launched for the Benefit of Senior Citizens

lderlies are a treasure of knowledge and experience for the youngsters as well as the economy at large. As life expectancy improves, the geriatric population in India is expected to witness a boom. According to statistics, by 2050, the elderly population will account for around a quarter of the total population. Savings play a crucial…

House Rent Allowance Rules and Regulations – HRA 2020-21

(This post is being updated) If you go through the break-up of your CTC statement, you will find a term HRA, which stands for House Rent Allowance. It is paid to compensate the employee for the rent he is paying in the absence of a company quarter.So is “House Rent Allowance (HRA)” a taxable income for…