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FD interest

Tax queries 444 views 5 replies
I have earned Rs. 20 k from Bank as FD interest and the Bank have deducted 10% TDS for that, while filing my ITR, will I be eligible to take rs.10 k benefit under section 80tta
Replies (5)

Deduction under 80TTA  of the income tax act 1961 is not  avaliable for interest earn on Fixed deposits ,its only for interest on saving account . 

it is only on saving account not in fd 

total FD interest will be taxable and u can claim TDS deduction as deducted by bank 10%
agree with Mr. prasad, Mr. Naveen and Mr. sunil

only saving bank interest us 80TTA


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