Section 80ttb and standard deduction
This query is : Resolved
04 February 2019
For FY 2018-19 can a Super Senior Citizen ie above age of 80 Years take benefit of section 80 TTB ie deduction of Rs. 50,000/- if he gets more than one Lac interest from FD's of Nationalised bank and also can he claim standard deduction of Rs. 40,000/- from pension he received as Retired Central Govtt. Employee (Total yearly pension more than 6,60,000/-)
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07 February 2019
Yes, you can claim standard deduction and tax benefit u/s 80TTB.
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