Dear Sir,
Can a Senior citizen will get both the benefits of u/s -80TTB, Rs.50,000/- &
exemption, U/s- 10(15)(i),Rs.1500/-
Post Office Savings account Interests.
Thanks.
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Post office Savings account Interests U/S-10(15)(i)
Replies (3)
Yes.
yes. senior citizen will get both the benefits of 1500 & 50,000.
Income u/s 10 is exempt income & wont form part of total income.
however income u/s 80ttb is allowed as deduction which means it will form part of total income and then allowed as deduction.
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Thank you for taking out some time of yours and participating in this dialogue.
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