Paticulars |
80TTA |
80TTB |
Remarks |
Applicable wef |
AY 2013-14 |
AY 2019-20 |
Till AY 2018-19 80TTA available to senior citizens also. |
Deductor to whom applicable |
Banks, Cooperative banks, Post offices etc. |
Banks, Cooperative banks, Post offices etc. |
Not applicable to other deductors like Companies who may have taken deposits. |
Deductee to whom applicable |
Individuals (other than Senior citizens) & HUF |
Senior Citizens |
Either 80TTA or 80TTB can be claimed. |
Residential status of deductee |
Residents & Non-residents |
Residents only |
|
Type of payment on which applicable |
Interest on Savings account |
Interest on Savings account & Fixed Deposits |
No benefit to persons other than senior citizens for interest on FD. |
Maximum deduction |
10000 |
50000 |
Deductor to give remarks "R" for 80TTB till amount reaches 50,000 |
Where to claim |
ITR (as TDS not applicable on interest on savings account) |
TDS & ITR. |
|
We have been serving various Indian companies & Multi National companies and various clients across the Globe such as High net worth Individuals, Limited Liability Partnerships (LLP), Partnership firms, , Corporate Entities, Trust and other Institutions, etc..,
2019 Policy