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80TTA

08 July 2018

sir my income is 800000 and interest on saving is 18000 . my total income is 818000 . whether can i claim for 10000 deduction according to 80TTA.

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3 Replies

RAJA P M ("Do the Right Thing...!!!") (128010 Points)
Replied 08 July 2018

Yes... You can claim interest Rs 10k under sec 80TTA if the above said interest from SB account...

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lokesh agrawal (142 Points)
Replied 08 July 2018

yes 80TTA Is availbale for all the persons whether he has income or not.

Vinod Babu (24191 Points)
Replied 08 July 2018

When you have money in bank savings account, your money earns interest. That means that you get paid for keeping your money in the account. As you earn money you have to pay tax on it. But Income Tax Department gives deduction upto 10,000 Rs under section 80TTA on interest earned on all your saving bank accounts.

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