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Exemption from IT on interest of fixed deposit

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(Querist)
12 August 2020 Please let me know the amount exempted on interest earned from fixed deposits in banks in respect of senior citizens for AY 2020-21
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CS Advocate Abhishek Goyal

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CS Advocate Abhishek Goyal (Expert)
12 August 2020 under section 80TTB exemption limit is Rs 50000/- so accordingly no TDS also.
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SADASIVAN THEKKEY VEETIL

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SADASIVAN THEKKEY VEETIL (Querist)
12 August 2020 Thanks a lot. Really helpful
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