03 April 2018
If any senior citizen opened a FD of 5 Lakhs for 5 years then what is the tax treatment ? Should I get the benefit of Section 80C for 5 consecutive years or i get deduction of 1,50,000 for one year only?
04 April 2018
So, if my total income including pension and interest on FD is crossed the threshold limit of Rs. 3,00,000 (Senior Citizen) , so can I take the deduction of Section TTB Rs 50,000 from this financial year for filling the Form 15H. If I take this deduction according this section TTB then my total income would be less than Rs. 3,00,000.