Direct Tax Code and Senior Citizen

Senior citizens have been given peanuts in the revised Direct Tax Code. The exemption limit has been increased by a paltry Rs 10000, while the inflation has gone skyhigh and Bank interest rates have nosedived. Many Senior citizens live on interest income from their retirement benfits . The least that should be done is to increase the interest rates for Senior citizens from Senior Citizen Saving Scheme and Bank deposits. Concession in Railway tickets should be increased to 50% and concession should be given in low cost airlines. Income tax exemption limit should be increased atleast to Rs. 3lakh. Finance minister should give Senior Citizens an opportunity to give vent to their problems before finalising incometax proposal.