A resource site for beginners with easy to understand income tax, gst, and finance tutorials for mastering the basics and beyond.
Last modified on by CA Bigyan Kumar Mishra
In finance budget 2018, government has introduced section 80TTB to provide tax benefits to senior citizens getting interest from banks, co-operative banks and post offices. This means Section 80TTB is applicable with effect from financial year 2018-19 (AY 2019-20).If you are a senior citizen, then for the financial year 2023-24 (assessment year 2024-25) you can claim tax … [Read more...] about Tax Deductions for Senior Citizens on deposits and Post Office Schemes-Section 80TTB
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