Regarding section 80tta and 80ttb

This query is : Resolved

PRIYANKA SAWANT (Querist)
Follow

12 March 2019 A SENIOR CITIZEN EARNS INTEREST OF RS.20000/- ON SAVING BANK A/C AND INTEREST OF RS.30000/- ON TIME DEPOSIT WITH A BANKING COMPANY. HOW MUCH DEDUCTION HE WILL BE GET U/S 80TTA/ 80TTB FOR ASS.YR 2019-20?

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
Follow

14 March 2019 In case of time deposits for senior citizens Rs 50000/- exemption is available.

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
Follow

15 March 2019 Rs.30,000 u/s 80TTB and Rs.10,000 u/s 80TTA for interest from time deposits and interest from savings account respectively

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

21 November 2021 For senior citizen, no 80TTA deduction available.
He can claim Rs. 20K under 80TTB.
Interest on Time deposit with company need to be checked for any such deduction.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

rana andcompany

MAYUR

Tanuj Kumar Sharma

Aravind S

UPENDRAN YADAV

Subscribe Now

Regarding section 80tta and 80ttb

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA