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Answers 

What is the amount of deduction under section 80TTB and who is eligible to claim the said deduction?

Total Answers 2
Answer by: VISHAL BANSAL

The deduction is available only for senior citizen who is holding the FDs with Banks, Co-operative Banks and also in Post Offices and earning the interest income then you are eligible to claim up to the maximum of Rs.50,000 in a year. This deduction is available w.e.f. 01.04.2018 on wards.


Answer by: VISHAL BANSAL

interest income on their savings account and FDs are allowable to the extent of Rs. 50,000/- u/s 80TTB w.e.f. 01.04.2018


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