DWQA User Profile tsaghoshQuestions(5)Answers(0)Posts(0)CommentsI am a senior citizen. Can I claim tax exemption both on Medical Insurance premium and medical expenditure u/s 80D? I have read that if I am possessing a medical insurance policy, I can't claim tax exemption on medical expenditure. Is it right? In ITR form, I am able to fill both these columns u/s 80D without any restriction. Please clarify. On Answer for Income tax exemption u/s 80DOK, I understood. But when we put pension income in Salary category of ITR form, I naturally doubt whether this income has been accounted as professional income. Is it so?On Answer for Tax on EPF pensionOK, I accept that pension income is taxable. Please confirm whether a senior citizen receiving pension only is liable to pay advance tax.On Answer for Tax on EPF pensionBank has actually reduced the interest rate to 8.5% considering woman borrower; otherwise it will be 8.55% as reacted by the bank staff. Is there any partiality towards existing borrowers?On Answer for Home Loan interest @MCLRThis is to make you remember the above case.Any EPFO official to give clarification?On Answer for EPF after age of retirementThank you for your valuable reply. I got an unofficial information from local PF office that I can continue EPF balance after the age of retirement and that too with interest at prevailing rate. Please let me know if there is any authentic document in support of this. Can I get this query answered from any authorized source. My parent company is also believing this information and advising the employees who are retiring, to hold the PF balance in the account itself as safe tax-free investment. So I request you to use your good contact to get a proper clarification on this. ThanksOn Answer for EPF after age of retirementCrop
