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ITR 1 AY23-24: No deduction being applied for Sec80 TTA

17 June 2023

Hi,

I am filling ITR 1 on the income tax portal - online mode. Although I enter the savings interest amount in the sec 80 TTA, the "Amount eligible for deduction under section 80TTA" is showing as 0 in the final tax calculation and 10,000 Rs. deduction is not being applied.

Can someone guide me what I am doing incorrectly ?

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10 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (194320 Points)
Replied 17 June 2023

Are you filing ITR under new tax regime?

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Mumbai Resident (16 Points)
Replied 18 June 2023

No, under old tax regime

sabyasachi mukherjee (27771 Points)
Replied 18 June 2023

Yes have u applied thru specific format the details.

Mumbai Resident (16 Points)
Replied 18 June 2023

1 Like

Vishal Paul (11 Points)
Replied 18 June 2023

U start filing in the new form

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jagdish chhugani (engineer) (1019 Points)
Replied 18 June 2023

In OS schedule fill saving interest and in schedule vI fill 80 TTA max 10000 if saving income more than 10000 or if saving less than 10k then 80TTA same as saving.

Mumbai Resident (16 Points)
Replied 18 June 2023

Thank You for the help. I had combined savings and deposit interest income in the same field instead of keeping it separate. Appreciate everyone's support.