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Section 80TTB Deduction for Senior Citizens

With the increasing age, health issues arise and senior citizen suffers from both physical and mental issues. This cost for living increases due to this and put a dent on their finances. Hence, the government decided to give relaxations to the senior citizen in the form of tax deduction. Therefore, the government introduced Section 80TTB … Read moreSection 80TTB Deduction for Senior Citizens

Section 80TTA to Claim Deduction on Interest

The government introduced Section 80TTA to provide a deduction of 10,000 INR on the income that is generated due to the interest received on the saving bank account. Moreover, this deduction is available to the Hindu Undivided Family (HUF) and an individual. Amount of Deduction Available under Section 80TTA Under Section 80TTA, an individual and … Read moreSection 80TTA to Claim Deduction on Interest