Section 80TTA and 80TTB — Deduction on Interest Income
Interest on your bank deposits is taxable, but part of it is deductible. If you are under 60, Section 80TTA lets you deduct up to ₹10,000 of savings-account interest. If you are a senior citizen, Section 80TTB is far more generous — up to ₹50,000 on all deposit interest, including fixed deposits. The calculator below picks the right section for your age and shows the tax you save. Stated under the Income-tax Act, 2025 (Section 153) and the Act, 1961.
80TTA — under 60
₹10,000
savings interest only
80TTB — senior citizen
₹50,000
all deposit interest
Tax regime
Old regime only
not in the new regime
Section
153
was 80TTA / 80TTB
80TTA / 80TTB Interest Deduction Calculator
Pick your age band and enter your interest. The tool applies the right section, limit and eligible interest.
Your details
More interest
Section that applies—
Eligible interest₹0
Deduction allowed ₹0
Tax saved₹0
Enter your interest income to see the deduction and tax saved.
Under 80TTA only savings-account interest qualifies — fixed and recurring deposit interest is fully taxable. Under 80TTB a senior citizen can claim all deposit interest up to ₹50,000. Both are old-regime deductions and are not available in the new regime. Banks deduct TDS on interest above the threshold; you can file Form 15G / 15H to avoid it if your total income is below the taxable limit.
80TTA vs 80TTB — who claims what
Section 80TTA — under 60
- Deduction up to ₹10,000 a year
- Only savings-account interest (bank, co-op, post office)
- Fixed and recurring deposit interest is fully taxable
- Individuals (below 60) and HUFs
Section 80TTB — senior citizen
- Deduction up to ₹50,000 a year
- All deposit interest — savings, fixed, recurring, post office
- Only for resident senior citizens (60 and above)
- A senior claims 80TTB, not 80TTA
| Feature | 80TTA | 80TTB |
|---|---|---|
| Who | Under 60 (and HUF) | Senior citizen (60+) |
| Limit | ₹10,000 | ₹50,000 |
| Interest covered | Savings only | All deposits |
| Regime | Old only | Old only |
| New Act 2025 | Section 153 (both merged) | |
Old Act 1961 vs new Act 2025 — numbering
Income-tax Act, 1961
- Savings interest, under 60: Section 80TTA
- All deposit interest, senior: Section 80TTB
- Applies for FY 2025-26 and earlier
Income-tax Act, 2025
- Both merged into Section 153
- Limits and eligibility unchanged
- Applies from Tax Year 2026-27 (1 April 2026)
Section numbers reflect the Income-tax Act, 2025 in force from 1 April 2026. The ₹10,000 and ₹50,000 limits and the interest covered carry forward from Sections 80TTA and 80TTB. Confirm the live reference on the income-tax portal before filing.
A worked example
Mr Rao, 67, senior citizen (20% slab, old regime)
| Savings account interest | ₹12,000 |
| Fixed deposit interest | ₹55,000 |
| Total deposit interest | ₹67,000 |
| Deduction under 80TTB (capped ₹50,000) | ₹50,000 |
| Tax saved (20% + 4% cess) | ₹10,400 |
Because Mr Rao is a senior citizen, his fixed deposit interest also qualifies under 80TTB, so ₹50,000 of his ₹67,000 total is deductible. Had he been under 60, only ₹10,000 of the savings interest would have qualified under 80TTA and the fixed deposit interest would have been fully taxable.
Related tools and guides
All income tax deductions →
Form 15G / 15H — avoid TDS →
Section 80D — health insurance →
Income tax calculator →
Old vs new regime advisor →
Frequently asked questions
Can I claim 80TTA or 80TTB in the new tax regime?
No. Both Section 80TTA and Section 80TTB (Section 153 under the Act 2025) are old-regime deductions. Under the new default regime your deposit interest is fully taxable with no deduction. You must opt for the old regime to claim them.
Is fixed deposit interest deductible under 80TTA?
No. Section 80TTA covers only savings-account interest, up to ₹10,000. Interest on fixed deposits and recurring deposits is fully taxable for a person under 60. Only a senior citizen, under Section 80TTB, can deduct fixed deposit interest — up to ₹50,000 across all deposits.
Can a senior citizen claim both 80TTA and 80TTB?
No. A senior citizen claims Section 80TTB (up to ₹50,000 on all deposit interest), which replaces 80TTA for them. You cannot claim both. 80TTA applies only to individuals below 60 and to HUFs.
Does the deduction remove the TDS on my interest?
They are separate. The bank still deducts TDS on interest above the threshold, and the 80TTA/80TTB deduction is claimed in your return, where the TDS is adjusted against your final tax. If your total income is below the taxable limit, you can file Form 15G (or 15H for seniors) so the bank does not deduct TDS in the first place.
Do the rules change under the Income-tax Act, 2025?
The substance is unchanged. From Tax Year 2026-27 both provisions are merged into Section 153, but the ₹10,000 savings-interest limit for those under 60 and the ₹50,000 all-deposit limit for senior citizens are the same as Sections 80TTA and 80TTB.
This page is a general guide for individual taxpayers and is not tax advice. Eligibility, limits and conditions depend on your specific facts. Section references to the Income-tax Act, 2025 (Section 153) apply from Tax Year 2026-27 (FY 2026-27); the Income-tax Act, 1961 (Sections 80TTA and 80TTB) apply for FY 2025-26 and earlier. Verify the current position on the income-tax portal or with your advisor before filing.