Interest on deposits of senior citizen

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16 Points Joined December 2018
Interest on deposits of a senior citizen - sec 80 ttb exemption up to ₹ 50000 - Deposits mean term & savings deposits or only term deposits?
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On 12 March 2019 at 21:18 Report
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INCOME TAX OFFICER
1736 Points Joined February 2014
under 80ttb all deposits
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On 12 March 2019 at 21:24
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student
309 Points Joined January 2018

Yes. it includes all interest  income from bank deposits, postal deposits and savings bank interest.

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On 12 March 2019 at 21:31
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Student
7053 Points Joined February 2019
everything at once ...
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On 13 March 2019 at 00:49
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Bhopal
1741 Points Joined February 2017
yes but keep in mind 80 ttb limit is not adfitional to 80 tta.... a senior citizen can claim deduction only under sec 80 ttb
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On 13 March 2019 at 08:00
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16 Points Joined December 2018
Thanks. My doubt is cleared.
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On 13 March 2019 at 08:25
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7059 Points Joined January 2017
thank you and congratulations
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On 13 March 2019 at 09:21
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chartered accountant
792 Points Joined January 2013

YES, UNDER 80TTB ALL DEPOSITS

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On 13 March 2019 at 10:36
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9 Points Joined December 2017
60000
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On 13 March 2019 at 11:13
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Deputy Manager
783 Points Joined May 2011

How? If Sr Citizen avails 80TTB then he is not eligible to claim deduction under 80TTA.

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On 13 March 2019 at 11:19
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Bhopal
1741 Points Joined February 2017
With the introduction of Section 80TTB exclusively for senior citizens, deductions under Section 80TTA is not available to senior citizens.
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On 13 March 2019 at 13:02
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chartered accountant
792 Points Joined January 2013
Originally posted by : shailendra shukla
With the introduction of Section 80TTB exclusively for senior citizens, deductions under Section 80TTA is not available to senior citizens.

nice

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On 18 March 2019 at 15:51


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