The Latest Breaking News from Senior Citizen

FD rate up to 8.3% for senior citizens investing for three years; know the list of banks

For senior citizens aged 60 and above, numerous banks are offering fixed deposit interest rates as high as 8.5%. Jana Small Finance Bank has an attractive 8.3% rate for three-year terms, while Utkarsh Small Finance Bank offers 8%. To avoid TDS, seniors should submit Form 15H if their annual income…

The Economic Times · Sep 26

Psychology says people who offer unreserved seats to any senior citizen or anyone who may need it more than them aren't just being polite: What this behavior reveals?

Psychology says people who offer unreserved seats to any senior citizen or anyone who may need them more than them aren't simply being polite. The behavior can reflect empathy, social responsibility, prosocial behavior and emotional intelligence. Giving up a seat also shows awareness of other people's needs. Psychology theories such…

The Economic Times · Sep 15

'A senior citizen among India’s young achievers': From Burnol to burn rate, how the vocabulary of business has changed

During The Economic Times 40 Under Forty awards, a seasoned jury member is struck by the dynamic energy of the young honourees. He highlights a significant generational shift in business language and a rapidly evolving landscape of innovation. As the jury carefully evaluates leadership and impact across sectors, they remain…

The Economic Times · Sep 15

Rs 2.42 lakh FD investment and Rs 1.06 lakh cash deposits, no ITR filed, got income tax notice; senior citizen wins case in ITAT Jaipur after 9-year fight

No ITR filed, yet Rs 2.42 lakh FD investment, Rs 1.06 lakh cash deposits triggers tax notice for senior citizen; she wins case in ITAT Jaipur after 9 years fight. Know how Mrs Devi won the case in ITAT Jaipur.

The Economic Times · Sep 10

How Salaried Indians Can File Their ITR Without a Last-Week Panic Over Documents and Deductions

Start With Form 16, Everything Else Follows From ItForm 16 is the one document your employer is legally required to give you by June 15 each year, and it does most of the heavy lifting for a salaried ITR. Part A of Form 16 shows the TDS your employer deducted…

Times Life · Sep 6

Senior citizen FD interest rates of up to 8.50%: Top 5 fixed deposit rates from PSU, private and small finance banks

Highest senior citizen FD interest rates: Small finance banks offer senior citizens the highest fixed deposit rates currently. Equitas, ESAF, and Suryoday Small Finance Banks provide 8.50% interest. Public sector banks like Bank of India offer competitive rates on specific tenures.

The Economic Times · Sep 5

Rs 15 lakh fraud money credited to senior citizen’s account, police wanted to question him; HC grants anticipatory bail on this ground

Criminals deposited Rs 15 lakh in senior citizen’s bank a/c; police wants to question him; HC grants anticipatory bail and observes mere deposit of crime money in a/c insufficient to conclude he was knowingly involved in the crime

The Economic Times · Sep 4

Rs 16 lakh cash seized in income tax raid, tax officer calls it unexplained cash; Taxpayer claims it to be family money, he fights and wins the case in ITAT Mumbai

During an income tax search operation (raid) Rs 16 lakh cash was seized; Man says its family cash; tax officer does not believe him and calls it unexplained cash; he wins case in ITAT Mumbai. Read the article to know how.

The Economic Times · Aug 31

FD rate up to 8.5% for senior citizens investing for five years; know the list of banks

For senior citizens, certain banks have enticing fixed deposit options offering interest rates as high as 8.5 percent. These deposits, with a maximum limit of Rs 3 crore, are typically available for a five-year tenure. Importantly, if the interest earned exceeds Rs 1 lakh in a year, TDS is deducted.

The Economic Times · Aug 29

Court evicts son from flat for neglecting parents: Can he still claim inheritance rights?

Does the son have any inheritance right over parents property if he failed to take care of parents and court orders eviction? Know what law says. Read the article.

The Economic Times · Aug 27