WebFeb 9, 2024 · Score: 4.7/5 (41 votes) . Can senior citizens claim both 80TTA and 80TTB? No, a senior citizen can claim deduction u/s 80TTA only.Who is eligible for an 80tta deduction? An individual taxpayer and a Hindu Undivided Family (HUF) are eligible for an 80TTA deduction. WebFeb 14, 2024 · As discussed formerly, a resident senior citizen will be able to claim a deduction of up to INR 50,000 under this section. If the interest earned from the deposit is less than INR 50,000 then the whole would be allowed as a deduction under section 80TTB. But if the interest earned from the deposit is more than INR 50,000 then a maximum of …
80TTB - Claim a Deduction on Interest Earned - Learn by Quicko
WebJan 30, 2024 · Individual taxpayers or Hindu Undivided Family (HUF) Indian residents; Non-Resident Indians (NRIs) who have NRO savings accounts; ... Taxpayers can claim … WebJun 7, 2024 · Individuals (other than Senior citizens) & HUF: Senior Citizens: Either 80TTA or 80TTB can be claimed. Residential status of deductee: Residents & Non-residents: Residents only: Type of payment on which applicable: Interest on Savings account: Interest on Savings account & Fixed Deposits: No benefit to persons other than senior citizens for ... inspectors toolbox
Section 80TTA : Deduction for Interest Earned on Savings Account
WebJan 12, 2024 · – Only Individuals and Hindu Undivided Families (HUF) can avail of this deduction. ... (NRO) account can claim an 80TTA deduction of Rs 10,000 for AY 2024-24 on the interest income from the Savings … Web3. ITR-4 (SUGAM) - Applicable for Individual, HUF and Firm (other than LLP) This return is applicable for an Individual or Hindu Undivided Family (HUF), who is Resident other than Not Ordinarily Resident or a Firm (other than LLP) which is a Resident having Total Income up to ₹ 50 lakh and having income from Business or Profession which is computed on a … WebHow can I find out if I am due a refund of my FHA mortgage premium? Answer: Check our list. If your name appears, call (800) 697-6967 for more information. You should provide … jessie on the five on fox news