Deduction under 80TTB

Is a Super Senior citizen Assessee entitled to claim full amount of Rs 50000 / on income by interest of bank deposit if she is pre deceased during middle of the Financial year ...
i.e pro rata applicability ? )
Replies (5)
Quick Summary
This discussion clarifies the applicability of the Section 80TTB deduction for super senior citizens. It addresses whether the full Rs 50,000 deduction for bank deposit interest is allowed, even if the individual passed away mid-financial year. The consensus is that the full deduction is permissible and not subject to pro-rata calculation under the old tax regime.

No pro-rata basis. Full deduction allowed under old tax regime.

Thanks for your clarification.. this goes in line with my thinking also..
Deduction under SEC 80TTB
Savings bank interest+ FD interest= 50,000/- deduction under section 8TTB

You are welcome.             

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
Featured 29 October 2026
Accounts Executive

Synergy Keystone

Chennai

B.Com

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details