Question

You are Ragini living in Edappalli, a social activist, found that senior citizens are being

made to work hard in an old age home of your locality. You have to write a letter to the editor

of The Hindustan Times regarding the same.​

Answer 1

Explanation:

The regular payout option can help senior citizens with a regular income stream. It ranks high in terms of liquidity. Senior Citizens can also avail tax benefit under Section 80C if it's a 5 year fixed deposit. Under Section 80TTB of the IT act, interest income upto Rs.28-Oct-2021