It - deductions under 80tta

Sir/Madam,

Under Deductions in IT returns ITR1, there's 80TTA Section for Interest from Bank Saving account or Post Office Saving scheme. What I wish to know is  Say if I am earning say Rs 6000 as interest from savings account, can this amount be included here under 80TTA? 6000 that I earned would already be included under total income from Interest/Other sources and then I claim deduction of Rs 6000 is this correct or this comes into effect only when your total interest from saving acct exceeds Rs 10000?

Thanks.

Replies (2)

Yes!! You can claim that 6000 as deduction u/s 80TTA, even it is included in your gross total income. You can take maximum deduction of RS.10000 only.

All savings bank interest should be taken on both sides - income side in other income and deduction side in section 80 . Only 10000 will be claimed as deduction.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details