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Interest Income Deduction 80TTB

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Sagar Panchal

Sagar Panchal (Querist)
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30 August 2020 Dear Sir/Madam,
assesse has salary, pension and interest income from fixed deposits with banks.
interest from bank fixed deposits is Rs. 179528/-, can he claim deduction of section 80TTB of Rs. 50000/- ? he is a senior citizen.
PLS GUIDE ON THIS.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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31 August 2020 Yes, can be claimed.

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Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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31 August 2020 Yes.... correctly said...It is eligible for deduction

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