5 years tax saving FD

This discussion clarifies whether interest earned from a 5-year tax-saving Fixed Deposit (FD) can be claimed as a deduction under Section 80TTA of the Income Tax Act. The consensus is that Section 80TTA specifically applies to interest earned from savings bank accounts or post office accounts, up to a limit of Rs. 10,000. Interest from FDs, including tax-saving ones, is not eligible for this particular deduction.