Dear Sir,
Can a Senior citizen will get both the benefits of u/s -80TTB, Rs.50,000/- &
exemption, U/s- 10(15)(i),Rs.1500/-
Post Office Savings account Interests.
Thanks.
Yes.
sukumar ghosh (109 Points)
06 May 2019
Vineet Agrawal
(Chartered Accountant)
(39 Points)
Replied 06 May 2019
yes. senior citizen will get both the benefits of 1500 & 50,000.
Income u/s 10 is exempt income & wont form part of total income.
however income u/s 80ttb is allowed as deduction which means it will form part of total income and then allowed as deduction.
sukumar ghosh
(109 Points)
Replied 07 May 2019
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