rama krishnan 03 December 2020
Cs26kit (Mr. ) 14 May 2021
Section 80TTB is applicable to Senior Citizens (aged 60 & above) & the cumulative interest from all deposits including the ones you mention is qualified for a deduction upto Rs. 50,000.
Section 80TTA is applicable to residents below 60 years of age & all NRI. Under it you can claim deduction of upto Rs 10,000 but only on the cumulative interest from all your Savings Bank accounts. This means you cannot claim it for interest from FDs, MIS or other such deposits.