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Showing posts with label deduction for Senior Citizens U/s 80TTB Rs. 50000. Show all posts
Showing posts with label deduction for Senior Citizens U/s 80TTB Rs. 50000. Show all posts

Sunday 27 January 2019

During the Budget 2018, Finance Minister inserted a new Section 80TTB. This allows a tax deduction of up to Rs.50,000 with respect to interest income from FDs held by senior citizens. Let see the features of this section.