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Interest on deposits of senior citizen
Interest on deposits of a senior citizen - sec 80 ttb exemption up to ₹ 50000 - Deposits mean term & savings deposits or only term deposits?
Replies (11)
under 80ttb all deposits
Yes. it includes all interest income from bank deposits, postal deposits and savings bank interest.
everything at once ...
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
Thanks. My doubt is cleared.
thank you and congratulations
YES, UNDER 80TTB ALL DEPOSITS
60000
How? If Sr Citizen avails 80TTB then he is not eligible to claim deduction under 80TTA.
With the introduction of Section 80TTB exclusively for senior citizens, deductions under Section 80TTA is not available to senior citizens.
| 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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