Higher Basic Exemption Limits for senior citizens under income tax

Individual tax payers the basic exemption limit, up to which he is not required to pay any tax, is presently capped at Rs. 2.50 Lakhs.  However for resident senior individual citizens who have completed the age of 60 years and yet to complete 80 years  the limit is Rs. 3 lakhs. For resident individual tax payer over 80 years does not have to pay any tax up to Rs. 5 lakhs annual income.

• 2. Higher Deduction limit under Section 80D for senior citizens under income tax

  For all senior citizens deduction upto Rs. 50,000/- for health insurance premium can be claimed by themselves or their children. From current year, in case the senior citizen does not have any medical insurance, deduction upto Rs.50,000/- can be claimed for any medical expenses including day today expenses as well as for hospitalization. Earlier this benefit was available to only for the senior citizens who had completed 80 years of age.

  3. Higher Deduction Limit for interest from Banks and Post Office under Section 80TTB for senior citizens under income tax

  Upto last year a deduction upto Rs. 10,000 was available in respect of interest from saving bank account but from current year all the senior citizen can claim  deduction not only for saving bank interest but also for  interest on any deposit with post office or bank and that too upto Rs. 50,000/- in a financial year. So now from current year senior citizens will be able to claim enhanced deduction upto not only on fixed deposits but also on the deposits made under Senior Citizen Savings Scheme(SCSS). The law has also been changed to provide that the no tax deduction at source will happen for senior citizen as long as interest on all these deposits for all the branches of a bank taken together does not exceed Rs. 50,000/- in a year. While arriving at the amount of Rs. 50,000/- interest on saving bank account shall be excluded as there is no provision for tax deducting at source on it irrespective of amount credited during the year. So a senior citizen has to submit form No. 15H only if he wants to receive the interest without deduction of tax at source and such interest exceeds Rs.50,000 in  a year.

  4. Higher Deduction limit under Section 80DDB for senior citizens under income tax

  Tax laws allow the tax payers a deduction in respect of expenses incurred for medical treatment of self or dependent relatives. For general tax payers the amount of deduction available is Rs. 40,000/- but in case the expenses are incurred in respect of a senior citizen the entitlement goes to Rs. 1 lakh in a year.

  5. Exemption from Payment of advance tax tosenior citizens under income tax

  In case your tax liability after reducing the amount of TDS is more than Rs. 10,000/- in a year, you are required to pay advance tax in four installments. However senior citizens are exempted from requirement of payment of advance tax provided they  do not have any income under the head "Profits and Gains of Business or Profession". The senior citizen can discharge their tax liability at the time of filing their ITR.

MSP GRIEVANCE DISPOSED OFF BY PMO IN A DISGRACEFUL MANNER

Registration Number	:	PMOPG/E/2016/0394985
Name Of Complainant	:	MBC MENON
Date of Receipt	:	20 Oct 2016
Received by	:	Prime Ministers Office
Forwarded to	:	AG1
Contact Address	:	room No. 104, B Wing, Sena Bhawan
		New delhi
		110011
Grievance Description	:	1The H’ble Prime Minister 2)The H’ble Defense Minister  Respected Sirs, We on behalf of veterans from all over India wish to thank you for implementing OROP even though partially for the time being and hope that the anomalies will be taken care off soon. At the same time we wish to bring to your kind attention regarding the serious grievances of not only veterans but also serving soldiers whom we met recently while they were on leave. The soldiers informed us that through social media they came to know; there is a proposal to increase of Military Service Pay to JCOs equal to MNS and ORs will be paid half of the amount only. Their curiosity in sharing the news disappointment were beyond any expression. They have openly expressed their discontentment towards the attitude of their higher bosses in denying justice to PBOR on two main issues. Hard living area allowance and Military Service Pay DISPARITY which they expressed as INJUSTICE when all are serving for the same country belongs to the same country. The above two major issues beyond any doubts have psychologically affected the morale of JCOs and ORs. Denial to all was better than reduction of morale of a large section. It was a British Raj policy to grant few additional coins to bosses to suppress the large section in an establishment. In the course of their selfish motive, our top bosses have forgotten the pledge they have taken “I will look after the interest of all those are placed below me above my own interest” Sirs, you have been to their places and seen the conditions of soldiers mainly ORs who are more exposed to risk due to adverse climatic conditions, insurgency, terrorist operations enemy fire. A soldier is doing duty in the open whether it is plus 50 degree or minus 50 degree climate while his boss is controlling from shelter. Our soldiers have proved their efficiency and valor all the times in repulsing the enemy attack on our boarders engaging the Pak terrorists which your good self also has openly appreciated many times through Media and in public meetings. But with above mentioned apathy towards the lower Ranks which constitute the large section of the Armed forces, we along with them feel as a great Injustice done not only to the serving soldiers but also to those who have undergone these situations while in service. Respected sirs, we wish to openly request to kindly look into this serious matter because the serving soldier cannot raise their voice since they are trained to be disciplined. But do not forget the fact that they also have families to be looked after like their bosses and one can dedicate with full concentration only when he feels that his family is safe in the hands of nation if life is to be sacrificed for defending the nation. The above two major issues have psychologically affected the morale of JCOs and Ors of the Armed forces. Hence I request your honor that Military Service Pay and Hard Living area allowance may be paid equal to all the personnel irrespective of Ranks due to the very principle that bullet fired by enemy adverse climate do not differentiate between men and officers. All are affected equally and not according to the pay they receive. We do hope that your good office will interfere in this matter and give Justice to all soldiers including officers, JCO’S OR’S. Thanking you. Yours Faithfully,  MBC MENON CHAIRMAN  NATIONAL FEDERATION OF EX-SERVICEMEN
Current Status	:	CASE CLOSED
Date of Action	:	24 May 2018
Details	:	The 7th Pay Commission, an expert body, after due examination recommended Military Service Pay(MSP) at different rates for Officers and PBORs, keeping in view the various factors. The Government, after due examination, has accepted the recommendations of the 7th CPC, vide Resolution dated 5th September 2016 and Notification dated 3rd May, 2017. Therefore, grievance closed.

PAY SLIP OF X GP SGT FOR THE MONTH OF OCT 2017

7th Pay Commission: PM Modi likely to promise pay hike ahead of general elections

New Delhi: Prime Minister Narendra Modi is likely to promise salary hike to central government employees, a key vote bank for the ruling BJP in a looming general election 2019.

Prime Minister Narendra Modi is likely to promise higher pay beyond the recommendations of 7th Commission for central government employees ahead of general election 2019.

10 million central government employees including 5.2 million pensioners, most of them Hindus, have traditionally been supporters of the ruling Bharatiya Janata Party (BJP).
However, the pay hike and the rising cost of living have been the concerns for many, with some ruling party supporting employees warning that they could turn against the party if the issues are not addressed.
Runaway inflation-plagued Modi needs to consolidate support for his party to stave off an unprecedented challenge from Congress-led regional parties coalition.
“The government is likely to agree to increase the salaries for all employees, who get salaries from pay matrix level 1 to 5 from January 1, 2019” a top government official told The Sen Times on Monday.
Finance Minister Arun Jaitley promised to pay hike beyond the recommendations of 7th Commission on June 30, 2016 for central government employees and pensioners as part of a government Memorandum of Understanding (MOU) with central government employees unions.
Jaitley also reiterated his promise in Rajya Sabha on July 19, 2016.
Central government employees saw a 14 per cent salary hike in 2016, the lowest in 70 years. So, employees’ unions were demanding hike in pay with a fitment factor of 3.00, while the government gave nod with a fitment factor of 2.57 times uniformly of basic pay of 6th pay commission.
Modi faces a tough contest in the upcoming Lok Sabha polls – which could be called in days – after BJP’s defeat in Karnataka.
The BJP crossed the halfway mark of 272 on its own in the Lok Sabha by winning 282 seats in the May 2014 general elections, the party’s individual tally now stands reduced to the bare minimum majority mark of 272 (excluding Speaker).
It reveals by-poll results gave a clear message that people are angry with BJP for inflation, anti-farmers and anti-government employees policies.
http:/7th-pay-commission-pm 

REUNION OF MARATTA REGIMENTAL VETERANS AT MYSORE

On this day of 27th may 2018 the veterans of Great Maratta Regiment belonging to Karnataka organised a Reunion at Mysore.JOVWAI National Co-ordinator Mr.Mohanarangan was invited to address the meeting.

MERGED PAY SCALE BENEFIT TO PRE-2006 PENSIONERS

VICE CHAIRMAN OF JOVWAI SHRI BISWASDA FILED AN RTI ON THE REVISION OF OROP IN 2019

Sir,

 I am an ex-serviceman retired from Indian Air Force in 1991 on completion of 15 years service. My ppo no is: 08/14/B/05676/1991. My questions below pertains to periodic review of OROP every after five years. I am a direct beneficiary of Defence Pension and affected by any change in pension policy.

Please refer OROP Notification Letter No.12(1)/2014/D(Pen/Pol)-part-II dated 7th Nov,2015. As per the salient features of the notification 3.(v) the OROP is to be revised and pension re-fixed every five years. As the OROP benefit was effective with effect from 1.7.2014, the next (2nd) revision/re-fixation would be effective on 1.7.2019.

 Please provide information whether or not any advance action has been initiated so far to implement  the next (2nd) revision/re-fixation that would be effective on 1.7.2019.

 Please provide information as defined in Sec 2 (f) of the RTI Act 2005 on the file notings, memos, deliberations, discussions and ID notes in meetings  linked to the next revision of pension in line with the above-mentioned OROP Notification for Armed forces pensioners and family pensioners.