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          Income Tax

          What is Section 80TTA of the Income-tax Act?

          FAQs on Section 80TTA and Section 80TTB

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          Section 80TTA deduction for savings interest allowed to individual taxpayers from bank accounts, excluding time deposits. Section 80TTA provides a deduction for taxpayers in respect of interest income earned from deposits held in savings bank accounts, but it expressly excludes interest from time deposits.
                            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.

                                  Section 80TTA deduction for savings interest allowed to individual taxpayers from bank accounts, excluding time deposits.

                                  Section 80TTA provides a deduction for taxpayers in respect of interest income earned from deposits held in savings bank accounts, but it expressly excludes interest from time deposits.


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