https://www.taxtmi.com/acts?id=32033 Section 80TTB permits resident senior citizens to claim a deduction for interest income on deposits with banks, cooperative banks engaged in banking business, and the Post Office, allowing full deduction where aggregate interest falls below the statutory threshold and a fixed maximum deduction otherwise; deposits held by or on behalf of firms, associations of persons or bodies of individuals are excluded from deduction for partners or members. "Senior citizen" means a resident individual aged sixty years or more during the relevant previous year. en-us Mon, 19 Mar 2018 14:52:01 +0530 Mon, 19 Mar 2018 14:52:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=32033 Section 80TTB permits resident senior citizens to claim a deduction for interest income on deposits with banks, cooperative banks engaged in banking business, and the Post Office, allowing full deduction where aggregate interest falls below the statutory threshold and a fixed maximum deduction otherwise; deposits held by or on behalf of firms, associations of persons or bodies of individuals are excluded from deduction for partners or members. "Senior citizen" means a resident individual aged sixty years or more during the relevant previous year. Act-Rules F. Acts / Amendment Acts Mon, 19 Mar 2018 14:52:01 +0530 https://www.taxtmi.com/acts?id=32033