80 TTB SECTION FOR SENIOR CITIZENS

ITR Filing 330 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.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details