Interest on deposits of senior citizen

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36 Points Posted on 12 March 2019
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
911 Points Posted on 12 March 2019
under 80ttb all deposits
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On 12 March 2019 at 21:24
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student
64 Points Posted on 12 March 2019

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

4 Reply
On 12 March 2019 at 21:31
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Student
2587 Points Posted on 13 March 2019
everything at once ...
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On 13 March 2019 at 00:49
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Bhopal
1095 Points Posted on 13 March 2019
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
1 Reply
On 13 March 2019 at 08:00
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36 Points Posted on 13 March 2019
Thanks. My doubt is cleared.
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On 13 March 2019 at 08:25
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5046 Points Posted on 13 March 2019
thank you and congratulations
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On 13 March 2019 at 09:21
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chartered accountant
554 Points Posted on 13 March 2019

YES, UNDER 80TTB ALL DEPOSITS

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On 13 March 2019 at 10:36
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24 Points Posted on 13 March 2019
60000
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On 13 March 2019 at 11:13
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Deputy Manager
492 Points Posted on 13 March 2019

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
1095 Points Posted on 13 March 2019
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
554 Points Posted on 18 March 2019
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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