Web4 Jul 2024 · 1. In order to claim the deductions one needs to add his/her respective total income under the head ‘Income from other sources’ while filing returns. 2. These returns are displayed under Section 80 Deductions under section 80 TTA. 3. If person A has a saving account and he earned an interest amounting to Rs 18,000.

Section 80TTB: Tax Deduction for Senior Citizens on Interest

WebSection 80TTA is titled as 'Deduction in respect of interest on deposits in savings account' in the Income Tax Act. Here are the salient features of this section: You can claim … Web25 Jul 2024 · You Can Claim up to Rs 10,000 Tax Deduction; Section 80TTA Explained The last date of filing income tax return (ITR) for the assessment year 2024-23 or the financial year 2024-22 is July 31,... bambu siam

Section 80TTA of Income Tax Act - Claiming Deduction on Interest

Web13 May 2024 · Section 80TTA of the Income Tax Act, 1961 provides a deduction of up to Rs 10,000 on the income earned from interest on savings made in a bank, co-operative society or post office. There is no deduction for interest earned from fixed deposits. Section 80GGA allows deductions for donations made towards scientific … WebBusiness tax preparation services are provided through personal interaction as well as online for filing ITR 1, ITR 2, ITR 3 and ITR 4. Our GST managed services are a complete solution for all the GST compliance worries where we take care of everything for you right from registration, reconciliation as well as return filing. Web30 Dec 2024 · Form: ITR-2 This form applies to HUFs and individuals who won’t generate Income under the “Profits and Gains of Business or Profession” head. Plus, for individuals who are not eligible to file the Sahaj Form. ... Section 80 TTA: Deduction for interest earned from savings accounts. The maximum limit is INR 10,000: Section 80 TTB: bambusia bondi menu