income tax on saving bank account interest for senior citizen?
Peter Barretto (7 Points)
02 July 2018
Is senior citizen taxed for saving bank account interest?
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(185368 Points)
Replied 02 July 2018
Yes, there was no specific relief for SCT till AY 2018-19 (except Rs.10,000/ u/s/ 80TTA)........ From AY 2019-20, the exemption limit increased to rs. 50000/- u/s. 80TTB of act, (which also include FD interest) ......
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