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80TTA
sir my income is 800000 and interest on saving is 18000 . my total income is 818000 . whether can i claim for 10000 deduction according to 80TTA.
Replies (3)
Yes... You can claim interest Rs 10k under sec 80TTA if the above said interest from SB account...
yes 80TTA Is availbale for all the persons whether he has income or not.
When you have money in bank savings account, your money earns interest. That means that you get paid for keeping your money in the account. As you earn money you have to pay tax on it. But Income Tax Department gives deduction upto 10,000 Rs under section 80TTA on interest earned on all your saving bank accounts.
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