1. Senior Citizens which is the most vulnerable class of the society has been hit hard by recent phenomenal rise in general rise in prices of essential commodities. Therefore, the general exemption of Rs.2.40 lakhs in IT has become quite inadequate. The exemption limit need be raised to Rs.5 lakhs without return. 2. The growing age needs more health care and more medical expenses. Hence, the present exemption limit of Rs.15000 of reimbursement under Mediclaim or scheme of reimbursement of employer to which a Scheme has contributed be abolished. In such cases the amount reimbursed be fully exempted from IT in favour of Senior Citizens because the amount received as reimbursement is neither income nor profit. This will help them pass their evening of life peacefully.
