Bank Interest Deduction Section 80TTA & Section 80TTB | Deduction From Interest Income Section 80TTB
Deduction Section 80TTA & Section 80TTB Bank Interest | Deduction From Interest Income in Old Regime As per income tax act deduction under Section 80TTB is exclusively for senior citizens taxpayers. Section 80TTA is limited to interest from savings accounts for individual and HUF taxpayers. Section 80TTB allows deductions on a broader range of interest incomes such as saving account interest & FDR interest from bank, coop societies and post office, including savings, fixed, and recurring deposits. The deduction limit under Section 80TTA is Rs. 10000/- and under Section 80TTA is 50000/- Video covered: Deduction Section 80TTA & Section 80TTB Bank Interest Deduction From Interest Income in Old Regime 80TTA deduction 80TTB deduction for senior citizens in new tax regime 80TTA deduction in new tax regime 80tta deduction 40,000 80TTA vs 80TTB 80TTA deduction limit 80TTB in new tax regime Can senior citizen claim both 80TTA and 80TTB Can I claim 80TTA and 80TTB both? Where to fill 80TTB in income tax return? How to claim 80TTA deduction in ITR? क्या मैं 80TTA और 80TTB दोनों का दावा कर सकता हूं? Interest income exemption in new tax regime How to calculate income tax on savings bank interest 80TTA deduction in new tax regime Savings bank interest exemption in new tax regime How to avoid tax on savings account interest Tax on interest income India 80TTB deduction 80TTB in new tax regime Other related videos: Deductions / Exemptions in New Tax Regime vs Old Tax Regime| New Tax Regime vs Old Regime Comparison • Deductions / Exemptions in New Tax Re... Income Tax Calculation on Salary as per Old Tax Regime | Tax on Income Rs. 10 lakh in Old Tax Regime • Income Tax Calculation on Salary as p... TDS on Salary Calculation | TDS Calculation on Salary FY 2024-25 | Salary TDS deduction by employer • How to Calculate TDS on Salary FY 202... 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New Tax Regime Section 87A rebate FY 2024-25 | Rebate u/s 87A in New Tax Regime | Income Tax Rebate • Rebate u/s 87A in New Tax Regime AY 2... #incometax #deductions #section80tta #section80ttb #interestincome #bankinterest #seniorcitizens #taxplanning #taxsavings #nileshujjainkar #taxguidenilesh Please visit our Website: Tax guide https://www.taxguidenilesh.com/ Please subscribe our YT channel @Taxguidenilesh for updates related to Taxation and other Legal information. Nilesh Ujjainkar, Advocate. 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