Seven mistakes seniors make while planning their taxes and finances

They could invest in SCSS in tranches to optimise Sec 80C benefits and park some money in PMVVY before it closes on Mar 31

Indian tax laws provide many benefits to senior citizens that they should be aware of, both while making tax-saving investments (the final deadline for which is March 31), and at the time of filing their returns.

Aditya Chopra, managing partner, Victoriam Legalis-Advocates & Solicitors, says, “Recognising that senior citizens may not have a regular source of income and may have to rely on their savings for their living expenses, and also to ease their financial burden during their years of retirement, the government has provided them with a number of benefits.”

Who is a senior citizen?

According to the Income-Tax