Indiatimes

Union Budget 2023-24: Why exemption for interest on savings bank account should be hiked

Union Budget 2023-24 should increase the tax exemption limit available for interest on savings bank account, say think tanks. Budget 2023: Section 80TTA provides deduction up to Rs 10,000 on the ...
Indiatimes

Union Budget 2023: Why Section 80D & 80TTA limits need a hike

Budget 2023: Given the higher cost of medical expenditure and the need to encourage savings, Section 80D & 80TTA limits need to be increased. Budget 2023: Given the kind of medical expenses which an ...
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Tax Deduction on Savings Account: Get Tax Exemption While Filing ITR

Having a savings account is common, but did you know that it can also help you save on taxes? If you opt for the old income tax regime, you can claim tax exemption on the interest earned from your ...
The Financial Express

Union Budget 2024: Will Nirmala Sitharaman make savings account interest up to Rs 25000 tax-free?

It may be noted that Section 80TTA provides a deduction of up to Rs 10,000 on interest earned from savings bank deposits. (Image: Freepik) The forthcoming Union Budget for FY2024-25 is just around the ...
Zee Business

What is Income Tax Section 80TTA here know how you can save tax under it

What is Income Tax Section 80TTA: According to section 80TTA, you can claim a deduction of up to Rs. 10,000. Interest earned from fixed deposits, recurring deposits, RBI taxable bonds etc. are fully ...
Mint

Know how you can save tax on interest income of up to ₹17,000 in a year

If you are filing your tax return, don’t forget to claim these deductions and exemptions to save tax on interest income. Most of you would know that you can claim a deduction of up to ₹10,000 on the ...
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Budget 2025 wishlist: Taxpayers, senior citizens seek higher deductions for savings, fixed deposit interest income

Budget 2025: The upcoming Union Budget of 2025, to be presented by Finance Minister Nirmala Sitharaman on February 1, is eagerly anticipated by taxpayers nationwide. Of particular interest is the ...
Business Today

While filling Income Tax Return form online, I accidentally deleted section 80TTA details. How can I get the prefilled ITR form back

I was filing ITR online, but I accidentally deleted 80TTA details from the prefilled form. Now, I am trying to remember what the amount was. Please tell me how to check the amount and where to fill it ...
The Financial Express

How to avoid TDS on bank fixed deposits? Here’s what you can do

Interest earned from a savings bank account up to Rs 10,000 can be claimed as a deduction under Section 80TTA, but the interest income from FDs is fully taxable in India. Fixed deposit (FD) is a ...
Zee Business

Exhausted Section 80C Income Tax saving options? No problem! Try these new ways if you are filing ITR this year

Income Tax saving options: The current financial year is set to end this month. You still have 20 days left to claim income tax rebate through different investment options. Income Ta Return: Under ...
Mint

Income tax benefits for senior citizens on interest income from savings, fixed deposits — explained in eight points

Section 80TTB of the Income Tax Act outlines the tax benefits that senior citizens can avail of regarding the interest income they receive from deposits. The Finance Budget 2018 introduced several ...