Exemption from IT on interest of fixed deposit
This query is : Resolved
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
12 August 2020
under section 80TTB exemption limit is Rs 50000/- so accordingly no TDS also.
12 August 2020
Thanks a lot. Really helpful
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