senior citizens account
Singh Kamboj (409 Points)
22 July 2019
interest and amount of senior citizen account is fully exempted or not.
2 Replies
ACA Sarita Laddha
(Practicing CA)
(1225 Points)
Replied 22 July 2019
under section 80ttb deduction interest upto rs 50000 is allowed
K H HAVEWALA
(4 Points)
Replied 22 July 2019
80TTB is from 1-4-2019 and Rs 50000 includes SB interest also. Separate deduction under 80TTA for SB interest is not available to senior citizens from 1-4-2019 as the words "assessed other than assessee under 80TTB" are included in 80TTA from 1-4-2019.
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