Tag Archives: Income tax Section 80TTB

Tax deduction for Senior Citizens On Bank FD Interest- Section 80TTB

Recently in 2018 budget, our finance minister adds a new column in the budget which was section 80TTB. This is a tax deduction section in which senior citizens can get the benefits of tax deduction of Rs. 50,000. This tax deduction applies to the interest coming from FDs for a senior citizen. Before this, thereā€¦ Read More »