https://www.taxtmi.com/acts?id=32235 Deduction for interest on deposits available to senior citizens applies to interest from deposits with specified banks, cooperative banks carrying on banking business, and post offices; the entire amount is deductible up to a threshold, otherwise a fixed maximum deduction applies; interest from deposits held by or on behalf of a firm, association of persons or body of individuals is excluded for partners, members or individuals; "senior citizen" means a resident individual aged sixty years or more during the relevant previous year. en-us Thu, 29 Mar 2018 17:08:00 +0530 Thu, 28 Aug 2025 13:09:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=32235 Deduction for interest on deposits available to senior citizens applies to interest from deposits with specified banks, cooperative banks carrying on banking business, and post offices; the entire amount is deductible up to a threshold, otherwise a fixed maximum deduction applies; interest from deposits held by or on behalf of a firm, association of persons or body of individuals is excluded for partners, members or individuals; "senior citizen" means a resident individual aged sixty years or more during the relevant previous year. Act-Rules Income Tax Thu, 29 Mar 2018 17:08:00 +0530 https://www.taxtmi.com/acts?id=32235