80TTB Deduction for Senior Citizen


This query is : Resolved 

Quick Summary
This discussion clarifies the Section 80TTB deduction for senior citizens, confirming that both Fixed Deposit (FD) and Savings Bank (SB) interest are eligible, up to a limit of £50,000. A user encountered a warning message when trying to claim the full £50,000 online, but was advised that this is a routine alert that can be ignored, provided the SB interest is reflected in their AIS (Annual Information Statement).

26 July 2022 Sir/Mam,

Individual Senior Citizen

Dividend 17474,
SB Interest 37429
Deposit Int. 24300
Total 79,203

But in 80TTB online filling option only 24300 taking actually 80TTB is 50,000 Exemption

Please advise I will take 50,000/- or 24300 in online filing

Thanking you,

26 July 2022 FD & SB interest both eligible for deduction u/s. 80TTB, so claim Rs. 50,000/-

26 July 2022 Sir,
Thank you for your quick reply

When I shown 50,000/- it is showing Warning Message, What I Do

Thanking you,

26 July 2022 That is just a routine alert, you can ignore it. Check if the SB interest reflects in AIS.

26 July 2022 Ok Sir, I will check

28 July 2022 You are welcome ...


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