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Section 80TTA and Section 80TTB: Saving tax on interest …
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WebFeb 14, 2024 · Section 80TTB : Interest Deduction on Deposits for Senior Citizens Zainab Hawa Chapter VI-A IFOS Section 80TTB Last updated on February 14th, 2024 Senior citizens are an important part of Indian Society. From the high cost of medical treatment to the lack of financial security they are greatly affected by the way taxes are imposed. WebSection - 80TTB. Deduction in respect of interest on deposits in case of senior citizens. 2 Record (s) Page [1 of 1] in 0 seconds. TAX INFORMATION AND SERVICES. TAX LAWS & … WebApr 11, 2024 · Conditions for Deduction of Payment/Liability Under Section 80TTB. As per Section 80TTB, no deduction is allowed unless the payment or incurrence of liability is made or incurred within three years after the end of the year in which he ceases to be an employee. However, if the payment or liability is made or incurred before the expiry of three ... how contagious are you after covid