How Section 80TTB Will Help Senior Citizens Save Taxes
Senior citizens investing in banks fixed deposits (FDs), recurring deposits (RDs), post-office deposits or even keeping money in savings account will save taxes, as Budget 2018 has introduced a new Section 80TTB in the Income-tax Act. Under this Section, all senior citizens will get the benefit of tax-free interest on saving accounts, banks FDs, RDs and deposits in post-offices up to a...
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