What announcements were made for senior citizens in Union Budget?

In Budget 2025, Finance Minister Nirmala Sitharaman announced doubling of tax deduction limit on interest for senior citizens from the current ₹50,000 to ₹1 lakh. Sitharaman proposed to exempt withdrawals made from NSS by individuals on or after August 29, 2024 while accounting for elderly people. Similarly, annual limit of ₹2.4 lakh for TDS on rent hiked to ₹6 lakh.

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