About this tool

80TTA vs 80TTB Interest Deduction

Compare savings and deposit interest deduction limits under Section 80TTA and 80TTB for regular and senior taxpayers.

80TTA vs 80TTB Interest Deduction compares the two competing deductions on interest income under the old tax regime. Section 80TTA allows up to Rs 10,000 of savings-account interest for taxpayers below 60, while Section 80TTB allows resident senior citizens up to Rs 50,000 covering savings, fixed and recurring deposit interest. Enter your interest split and the calculator shows which section applies, the deduction allowed, the interest that stays taxable, and the tax saved at your slab rate.

How to use 80TTA vs 80TTB Interest Deduction

1. 1

   Open 80TTA vs 80TTB Interest Deduction on AltFTool — it loads instantly in your browser.

2. 2

   Enter the values you already know.

3. 3

   Fine-tune the options to match your scenario.

4. 4

   Read the result and use it in your planning or reporting.

Why use 80TTA vs 80TTB Interest Deduction

• Right section, automatically

  Picks 80TTB for seniors and 80TTA for everyone else, and shows what the other section would have allowed.

• Deposit interest handled

  Separates savings, FD/RD and other interest, because only 80TTB covers term deposits.

• Shows what stays taxable

  Reports the interest above the cap and the tax on it at your slab rate plus 4% cess.

Common use cases

• A 62-year-old with Rs 60,000 of FD interest checking how much of it Section 80TTB shelters.
• A salaried taxpayer under 60 confirming that only savings-account interest, not FD interest, qualifies for 80TTA.
• A family comparing whose name a joint deposit should sit in, given the Rs 50,000 senior-citizen limit.

Frequently asked questions