Sec 80ttb of income tax act

Tax queries 256 views 2 replies

Asst Year 2019-20, Under Sec 80TTB, (for senior citizens) whether Senior Citizen Savings Scheme interest (of Post Office) allowed as deduction. Or only Savings, Term Deposit ,RD interest alone are allowed as deduction under 80TTB

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Replies (2)

Allowed for all type of deposit for senior citizen

we are Army serving soldiers and we are getting field area allowances while in hard location and the amount is included in salary and Form 16 . can we claim under section 10 (14). Please clarify me.


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