whether Interest on FD is eligible for 80TTA deduction for the AY2017-18?
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80TTA Act
Replies (10)
No, only Interest on savings bank account is eligible for deduction u/s 80TTA.
Yes , agree with Pandey Madam
only savings account interest with bank or post office is eligible. no other amount is eligible
never
fd interest upto 50000 is allowable as deduction u/s 80TTB to senior citizens
what is the amount of deduction u/s10(15) for interest on post office savings account?
rs 3,500 for single a/c or actual which ever is lower
or rs 7,000 for joint account or actual which ever is lower
or rs 7,000 for joint account or actual which ever is lower
agreed with mohammed imran
no,only savings interest upto Rs.10000 you can claim as deduction
No, Interest on FD is not eligible for Deduction under sec 80TTB. However Interest on FD /RD received by senior citizen from FY 2018 -19 will be eligible for Deduction under sec 80TTB including Interest on saving account up to Rs. 50000.
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