Section 80TTB of Income Tax for Senior Citizens

Section 80TTB-Rs.50,000 deduction for Senior Citizens The Union Budget 2018 has introduced section 80TTB of Income Tax to provide for great relief in the form of a deduction from income for the Senior Citizens of India. Since the time has come to file an income tax return for the F.Y 2018-19 and A.Y 2019-20, I have decided to write a blog post on Section 80TTB. In this post, we will learn What is Section 80ttb? Is interest on FD taxable for senior citizen under section 80ttb? How much interest is tax-free for senior citizen under section 80ttb? ⇒What is Section … Continue reading Section 80TTB of Income Tax for Senior Citizens