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          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

          Provisions expressly mentioned in the judgment/order text.

          <h1>Interest on deposits deduction: individuals and Hindu undivided families get capped relief; higher cap for senior citizens.</h1> Section 153 allows a deduction for interest on deposits received by individuals and Hindu undivided families from banks, cooperative banking societies, and Post Offices. Non-senior individuals and HUFs may deduct interest up to Rs. 10,000 on savings account deposits (excluding time deposits); senior citizens may deduct interest up to Rs. 50,000 on deposits in any account, including time deposits. Interest on deposits held by firms, associations, or bodies of individuals is excluded from deduction for partners, members or constituent individuals.

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