Money Planning with a Disability: Checkpoint 1

Quick checkpoint - five questions on disability costs, the UDID card, tax relief, ADIP and scholarships.

Question 1 of 5 Why does disability often put double pressure on household finances?

It raises taxes and lowers prices It often raises living costs while lowering income It only affects savings It has no financial effect

Extra spending on devices, health and transport combines with lower earning opportunities.

Question 2 of 5 What minimum level of disability is usually needed to count as a benchmark disability?

10 percent 25 percent 40 percent 90 percent

Many benefits require a certified disability of at least 40 percent.

Question 3 of 5 What does Section 80DD offer?

A deduction for a taxpayer supporting a dependant with a disability Free train travel A disability pension A home loan

80DD gives a fixed deduction of 75,000 or 1,25,000 rupees depending on the dependant's level of disability.

Question 4 of 5 What does the ADIP scheme provide?

Cash pensions Free or half-cost assistive devices based on income University admission Housing loans

ADIP helps people with disabilities get aids such as wheelchairs, hearing aids and artificial limbs.

Question 5 of 5 Where do students apply for national disability scholarships?

At a bank branch On the National Scholarship Portal At the post office Through the income tax website

Pre-matric, post-matric, top class and other scholarships are applied for online through the portal.

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