This article analyzes the depth of poverty and examines the possible association between disability and poverty among Indian elderly. The analysis is based on the 58th round of the National Sample Survey Organisation data surveyed in 2002. The analysis finds high levels of poverty and income inequality among elderly persons with disabilities. It also finds that differences in the income levels vary significantly across different age groups, gender, social groups, and educational status. Furthermore, the estimation results confirm that the likelihood of disability among economically disadvantaged elderly persons is higher than those with average to above average incomes.