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          Income Tax

          Who can claim deduction under section 80TTB?

          FAQs on Section 80TTA and Section 80TTB

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          Deduction under section 80TTB for senior citizens allows exclusion of interest income for resident seniors. Deduction under section 80TTB applies to interest income from bank deposits received by an individual who qualifies as a senior citizen. The provision is limited to resident senior citizens and permits a deduction specifically for interest arising from bank deposits. Senior citizen is defined as an individual who attains the age of sixty years or more during the previous year.
                            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.

                                  Deduction under section 80TTB for senior citizens allows exclusion of interest income for resident seniors.

                                  Deduction under section 80TTB applies to interest income from bank deposits received by an individual who qualifies as a senior citizen. The provision is limited to resident senior citizens and permits a deduction specifically for interest arising from bank deposits. Senior citizen is defined as an individual who attains the age of sixty years or more during the previous year.


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