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income tax on saving bank account interest for senior citizen?


Peter Barretto   02 July 2018

Peter Barretto

 7 points

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Is senior citizen taxed for saving bank account interest?

avater

Dhirajlal Rambhia (KVO Merau Kutchh)     02 July 2018

Dhirajlal Rambhia
KVO Merau Kutchh 
 9220 likes  93305 points

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Yes, there was no specific relief for SCT till AY 2018-19 (except Rs.10,000/ u/s/ 80TTA)........ From AY 2019-20, the exemption limit increased to rs. 50000/- u/s. 80TTB of act, (which also include FD interest) ......


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