Showing posts from July, 2023

9 Key Facts on Income Tax in India that You Should Know About

    Photo by Tara Winstead:   A good percentage of seniors in India retire or stop working when they turn 60. They become officially a ‘senior’ as the retirement age at the majority of workplaces is 60 years. Professionals like doctors, lawyers, chartered accountants etc with their own practice will of course stop working only when they wish to. For the bulk of seniors income dwindles after retirement. Those who had been in government service would receive an inflation-adjusted pension. For the rest, income would be from their investments in Fixed Deposits, Post Office schemes, Pension Plans, Bonds, Mutual Funds and company shares. Senior or not, Retired or not, Income Tax is payable on Income Earned, subject to certain limits. The Government of India treats Senior Citizens in a separate, and slightly benign way! More Tax concessions are given to Senior Citizens as against other age groups. Presumably taking cognizance of the decreased earnings and earning potential and i

How You Can Successfully Manage Diabetes: Learnings from 52 Years

  Photo by Nataliya Vaitkevich: Diabetes is Rampant & here to stay -   The International Diabetes Federation (IDF) Diabetes Atlas (2021) reports that 10.5% of the adult population (20-79 years) has diabetes , with almost half unaware that they are living with the condition. Over 90% of people with diabetes have type 2 diabetes, which is driven by socio-economic, demographic, environmental, and genetic factors. The key contributors to the rise in type 2 diabetes include: Urbanization An ageing population Decreasing levels of physical activity Increasing overweight and obesity prevalence But what is important for us is to note that as per the IDF “ It is possible to reduce the impact of diabetes by taking preventive measures for type 2 diabetes and providing early diagnosis and proper care for all types of diabetes. These measures can help people living with the condition avoid or dela