if in a financial year person gets interest of rs 25000 on fdr before the age of 60 and 25000 after the age of 60 the how much he claim under chapter vi a deduction
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Exemption on interest of fdr in case of senior citizen
Replies (8)
he can claim 50k
A INDIVIDUAL IS TREATED AS SENIOR CITIZEN IF HE ATTAINS THE AGE OF 60 AT ANY TIME DURING THE P. Y. SO EVEN IF YOU ATTAIN THE AGE OF 60 ON MARCH 31,YOU WILL BE TREATED AS SENIOR CITIZEN
i want to know is saving account interest is exempted other than 50000 in case of senior citizen
No... Interest on deposits including savings bank allowed to an extent of 50000 and not more than that
Accept with Mr. Ramakrishnan Sir.
thanks for clarifying
your age as on date of of filing is senior citizen exemption
good clarification
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