Income from other sources

1. Interest on savings account deposit will be taxable under the Income from Other Sources. 
2. However, deduction to the extent of Rs. 10,000 is available u/s 80TTA if he an individual (below 60 years of age ) or HUF. 
3. If he is an individual above 60 years of age then deductions to the extent of Rs. 50,000 will be available for all kinds of deposits (savings and time). 
Please correct me if the above solution has an alternative view.