Article Income Tax Latest Tax News & Updates Tax Article Tax News Uncategorized

What are the benefits available in respect of interest on deposits in case of senior citizens? || Income tax benefits to Senior citizens

Mainly two benefits are available :- Section 80TTB of the Income Tax law Section 80TTB of the Income Tax law gives provisions relating to tax benefits available on account of interest income from deposits with banks or post office or co-operative banks of an amount up to 50,000 rupees earned by the senior citizen (i.e., […]