Section 80TTA provides for a deduction (up to Rs. 10,000) to an individual/HUF if his income includes any income by way of interest on deposits in a savings bank account (or savings account with post office / co-operative society).
• Amendment –
With effect from the assessment year 2019-20, a senior citizen (who can avail of deduction under section 80TTB) shall not be eligible for the deduction under section 80TTA. |
