Standard deduction

M Sastry (3 Points)

23 December 2018

I have only bank FD's interest income. Is the bank interest eligible for standard deduction

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VARUN MAHAJAN ADVOCATE (Proprietor) (339 Points)
Replied 23 December 2018

U will be eligible for the tax slab applicable for individual moreover you can invest and claim deductions under 80c also

Adam Smith (6 Points)
Replied 23 December 2018

Vinnu Vinith (21 Points)
Replied 23 December 2018

only senior and super senior can claim deduction up to RS 50,000 U/S 80TTB from AY 2019-20

saurabh sawlani (2157 Points)
Replied 23 December 2018

No, their is no such provison in this regards

Vinnu Vinith (21 Points)
Replied 23 December 2018

kindly refer 80TTB

M Sastry (3 Points)
Replied 24 December 2018

In the absence of salary and pension, one can claim standard deduction from the total interest income besides 80 TTB in case of senior citizens

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