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Interest on FD
Does interest on FD comes under 80TTA?
Replies (4)
Quick Summary
No, FD is specifically excluded from the section
No, Deduction under section 80TTA covers only interest from saving bank accounts, not FD.
Interest from FD is covered under section 80TTB, but Deduction u/s 80TTB is allowed only to senior citizens
Interest from FD is covered under section 80TTB, but Deduction u/s 80TTB is allowed only to senior citizens
Interest from Savings bank account comes under 80TTA.
No only saving account interest comes under 80TTA
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