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SECTION 80TTB
Rs 2.46 lakh yearly income from SCSS: How senior citizens can earn regular interest incomeThe Senior Citizens Savings Scheme (SCSS) offers a high 8.2% interest rate for the April-June 2026 quarter, with a five-year tenure extenda...- Gift your parents money and see your tax bill shrink; the legal way to do it
- Don’t forget to claim these five deductions for reducing your income tax liability for AY 2025-26 under old tax regimeThe deadline for submitting ITR for FY 2024-25 is September 15, 2025 and this means eligible taxpayers should claim eligible certain tax de...
- Tax-free interest up to Rs 7000: Post Office Savings Accounts still offer relief under new tax regime; Here's how to claim itTax-free interest from post office: Many individuals will opt for the new tax regime for FY 2025-26. This is due to the new income tax slab...
- Budget 2024 for senior citizens: FM should exempt all senior citizens from filing ITR in certain cases, increase section 80D limit to Rs 1 lakh
- Senior citizens: How to get tax deduction of up to Rs 50,000 on income from FD, savings a/c, post office schemes
- How much income tax deduction is available on bank FD, RD and savings account interestSave income tax: Here's how you can claim income tax deduction on interest from bank FD, RD and savings account and save income tax. Howeve...
- Budget 2024 should hike savings account interest deduction to Rs 50,000 from Rs 10,000An individual opting for old tax regime is eligible to get deduction under Section 80TTA for the interest earned from savings bank account ...
- Kisan Vikas Patra: Is interest on KVP eligible for deduction under section 80TTB?Kisan Vikas Patra (KVP) essentially doubles up one's investment after a certain period of time. Currently it offers 7.5% interest per annum...
- Which tax deduction can be claimed on savings account interestThe tax deduction under section 80TTA can be claimed for interest earned on savings accounts held with a bank, co-operative bank or a post ...
- Senior citizens want Budget 2023 to hike income tax deductions, free 60 plus from ITR filing burdenAmid high inflation and rising cost of healthcare, senior citizens are hoping for a slew of measures from Finance Minister Nirmala Sitharam...
- How senior citizens can avail tax break on interest income under Sec 80TTBSection 80TTB offers deduction to senior citizens and super citizens on the interest earned from deposits held with a bank, post office or ...
- Tax deductions, exemptions not available in new tax regimeHere is the list if tax deductions and exemptions that one cannot claim if he/she opts for new tax regime for a particular financial year.
- 5 smart things to know about a bank savings accountMoney held in savings accounts earns interest which can be paid quarterly or half yearly or annually.
- No ITR filing for senior citizens aged 75 years and above earning only pension, interestThis has come after Budget 2018 had announced several tax law changes to provide more tax benefits to senior citizens. These included tax b...
- You can save tax on up to Rs 17,000 savings account interest: Here's howPost office savings interest up to Rs 3,500 is exempt for single a/cs and up to Rs 7,000 for joint a/cs.
- ITR-1 for FY2018-19 asks for interest income break-up from tax payersThis year you will have to give break-up of your interest income when filing ITR 1.
- Dividends from equities are tax-free for investorsDilip Lakhani Senior Chartered Accountant, answers queries from our readers on income tax and other levies.
- Does interest earned from SCSS qualify for deduction under section 80TTB?The interest of up to Rs 50,000 received from this scheme will be eligible for a deduction under Section 80TTB of the Income-Tax Act.
- Tax queries: How will standard deduction impact my tax liability?Dilip Lakhani, Senior Chartered Accountant, answers queries from our readers on income tax and other levies.
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