Budget 2021 Senior Citizen Tax: Everyone had some expectations from the budget of Finance Minister Nirmala Sitharaman (Budget 2021). One of these is the Senior Citizen class, which was expected to get a big relief from the government this time in the budget. The Modi government has made several important announcements for senior citizens while strengthening the sticks of old age. Let us know what the Modi government has given to senior citizens in this budget.
The most important announcement is that the Modi government has given direct exemption to the elderly above 75 years and said that they will not have to pay any tax. The Finance Minister had announced that he was making provisions while bowing to the Senior Citizen. In the 75th year of independence, he decided to help the elderly above the age of 75 years.
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The finance minister also allocated Rs 53,700 crore for the uplift of scheduled tribes, and Rs 85,000 crore for the welfare of scheduled castes and other backward classes.
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