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80 TTB SECTION FOR SENIOR CITIZENS

ITR 323 views 5 replies

I am senior citizen person and in the efiling form showed Rs 122169.00 as interest from deposit and tax calculated including this one. Now in the deduction section can I show this one in 80 TTB column, I just put it and it shows a total exemption of Rs 50000.00 out of Rs 122169.00. Am I doing the right thing. I attached two image file for your perusal one showing the interest income (image one)  and another 80 TTB column for exemption of Rs 50000.00 (image two).

Many many thanks for your time. 


Attached File : 1308355 20200822225956 two.jpg downloaded: 96 times
Replies (5)

here is the first image. 

Completely right sir👍👍👍
Yes, sir....it's All right....you are doing right things.

Section 80TTB allow a deduction upto Rs 50,000/- in respect of interest income from deposits held by senior citizens.However, no deduction under section 80TTA shall be allowed in these cases.

Many many thanks for the response. I am so much worried about this one, really feel relieved. 

 

Many many thanks 

You're most welcome.......sir.


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