Increase in old age pension, more tax relief, GST exemption for elderly — NGOs’ demands from Union Budget

Ahead of the Union Budget for 2023-24, some NGOs have put forward some suggestions for the betterment of the country’s rising elderly population — increase in old age pension, more relief in income tax and GST exemption on services and products frequently used by the elderly.

The Agewell Foundation said elderly-friendly budgetary provisions have become the need of the hour due to the ever-increasing gap between older people and the younger generation, the demanding lifestyle of older persons in view of a longer span in old age, and their growing vulnerability.

Read more at https://m.economictimes.com/news/india/increase-in-old-age-pension-more-tax-relief-gst-exemption-for-elderly-ngos-demands-from-union-budget/articleshow/96882063.cms