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Pradhan Mantri Vaya Vandana Yojana: Invest in PMVVY to get Rs 9250 monthly pension, here s how | Personal Finance News
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LIC customers alert! Earn upto Rs 10,000 monthly with THIS scheme
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grandfather s hands with the savings and the plant growing
Investment in Senior Citizens Savings Scheme is available for deduction under Section 80C subject to the limits prescribed.
Q.I am about 81 years’ old. I desire to go for either Senior Citizens Savings Scheme or single premium Pradhan Mantri Vaya Vandana Yojana. Will I get tax relief under section 80C for the amounts invested in these schemes subject to limit of ₹1.5 lakh. I got no explicit information from Google search. Could you please advise me?
S.N. Bhadra
A. Investment in Senior Citizens Savings Scheme is available for deduction under Section 80C subject to the limits prescribed. Investment in Pradhan Mantri Vaya Vandana Yojana is not covered under Section 80C.
Divina Eventide: A home offering loving care, dignified living
Sun, Jan 17 2021
January 17, 2021
Ageing is a biological process. As one grows older, things get bit tough and complicated. Often the elderly find it difficult to cope and invariably come to realise that they need constant attention, care, love and companionship. Perhaps the biggest concern for almost all human beings, especially in the evening of their lives is: What happens next?
Life for the elderly in their sixties or seventies is even more difficult when they find themselves alone and abandoned with no near and dear ones to fall back upon. Given the gradual disintegration of the joint family system and the evolution of the nuclear families, parents who toiled and sacrificed their prime for their family are at wits end as they realise their children are unable to tend for them.