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Exemption on interest of fdr in case of senior citizen

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141 Points Posted on 27 July 2019

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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On 27 July 2019 at 21:24 Report
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"Do the Right Thing...!!!"
128152 Points Posted on 27 July 2019
he can claim 50k
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On 27 July 2019 at 22:00
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12244 Points Posted on 28 July 2019
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
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On 28 July 2019 at 09:54
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141 Points Posted on 28 July 2019
i want to know is saving account interest is exempted other than 50000 in case of senior citizen
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On 28 July 2019 at 12:37
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INCOME TAX OFFICER
1736 Points Posted on 28 July 2019
No... Interest on deposits including savings bank allowed to an extent of 50000 and not more than that
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On 28 July 2019 at 12:40
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Student
3986 Points Posted on 28 July 2019

Accept with Mr. Ramakrishnan Sir.

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On 28 July 2019 at 12:43
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141 Points Posted on 28 July 2019
thanks for clarifying
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On 28 July 2019 at 14:10
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1236 Points Posted on 29 July 2019
your age as on date of of filing is senior citizen exemption
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On 29 July 2019 at 21:10
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7059 Points Posted on 30 July 2019
good clarification
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On 30 July 2019 at 20:21


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