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<h1>Deduction under section 80TTB for senior citizens allows exclusion of interest income for resident seniors.</h1> 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.