<h1>Senior Citizens Get Major Tax Relief: Higher Interest Exemption & Health Deduction Limits in Budget 2018-19.</h1> The Union Minister for Finance announced significant benefits for senior citizens in the General Budget 2018-19. The exemption of interest income on deposits was increased from Rs. 10,000 to Rs. 50,000, with no TDS required under section 194A. The deduction limit for health insurance premiums or medical expenses was raised to Rs. 50,000 under section 80D. Additionally, the deduction for medical expenses related to critical illnesses was increased to Rs. 1 lakh. The Pradhan Mantri Vaya Vandana Yojana was extended to March 2020, with the investment limit raised to Rs. 15 lakh, offering an 8% return. These measures aim to provide financial relief and dignity to senior citizens.