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Section 80tta and 80ttb

Tax queries 490 views 9 replies

Hello all,

can we claim section 80TTA and 80TTB deduction on NSC and KVP interest income?

 

 

Thanks.

Replies (9)

Not u/s. 80TTA, but only senior citizens can claim it u/s. 80TTB.

can we classify NSC and KVP interest as deposits with post office and allow deduction?

Yes, its small scale investment schemes operated through Post offices. So, exemption can be availed u/s. 80TTB.

How much deduction under 80TTA ?
Rs. 10000/-
80TTA is for sb interest received upto 10000 rupees
Is that deduction is available for all or only senior citizens ?
Available for all,
senior citizen can claim deduction under section 80ttb
80TTB for senior citizens and 80TTA for all citizens


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