80ttb News

Money

The benefits FDs provide to senior citizens

Unlike market-linked instruments such as mutual funds, you can be fairly certain about the returns from a fixed deposit (FD)

2 min read6 Aug 2018
Money

Senior citizens don’t have to pay TDS on interest income of up to Rs50,000

Under 80TTB, if the gross total income of a senior citizen assessee includes income from interest on deposits, a deduction of up to Rs50,000 shall be allowed on this income

2 min read12 Feb 2018

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