Tax · Free tool
Section 80TTA / 80TTB
80TTA: ₹10k deduction on savings account interest (under 60). 80TTB: ₹50k deduction on savings + FD + RD + senior citizen savings (60+).
35 yrs
₹15,000
₹40,000
Section 80TTA
₹10,000
cap: ₹10,000
Note: FD interest of ₹40,000 is NOT eligible under 80TTA. Senior citizens get the more generous 80TTB.
FAQ
Are post office savings interest eligible?
Yes — section 10(15) gives ₹3,500 (single) / ₹7,000 (joint) exemption for post office savings interest, separate from 80TTA. Different cap, both can be claimed.
What if I have both savings & FD interest as a senior?
Combined up to ₹50,000 under 80TTB. Better than 80TTA which caps at ₹10k savings only.
Available under new regime?
80TTA: NOT available under new regime. 80TTB (seniors): available under new regime.