Section 80TTA / 80TTB Calculator
Find your eligible deduction on savings and deposit interest — ₹10,000 under 80TTA if you're below 60, or up to ₹50,000 under 80TTB if you're a senior citizen — and see the tax you save, live.
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Deduction breakdown
Sec 80TTAClaim every deduction & file your ITR with a CA
We make sure 80TTA / 80TTB and every other benefit you qualify for is claimed correctly.
Disclaimer: Indicative estimate for resident individuals. 80TTA and 80TTB are available only in the old tax regime; the new regime does not allow either deduction. Tax saved excludes the 4% health & education cess. Rates per Finance Act 2025 (carried forward, unchanged for FY 2026-27 & FY 2027-28).
80TTA vs 80TTB — the deduction limits
Both sections give a deduction on interest income, but they apply to different people and different kinds of interest. Section 80TTA is for anyone below 60 and only covers savings-account interest up to ₹10,000. Section 80TTB replaces it for senior citizens (60+) and is far more generous — up to ₹50,000, covering FD, RD and deposit interest as well.
| Who can claim | Individuals & HUF below 60 |
| Savings interest | Eligible |
| FD / RD interest | Not eligible |
| Maximum deduction | ₹10,000 |
| Who can claim | Resident seniors (60+) |
| Savings interest | Eligible |
| FD / RD interest | Eligible |
| Maximum deduction | ₹50,000 |
Worked examples
Take the same interest income — ₹8,000 from savings and ₹40,000 from fixed deposits — and see how the deduction changes purely based on age. The senior citizen wipes out almost all the tax on that interest.
Key terms explained
Section 80TTA
A deduction of up to ₹10,000 on interest from savings accounts (bank, co-operative or post office) for individuals and HUFs below 60. Interest from fixed or recurring deposits is not covered.
Section 80TTB
For resident senior citizens (60+), a deduction of up to ₹50,000 on all interest income — savings, fixed deposits, recurring deposits and post-office schemes. It replaces 80TTA for seniors.
Mutually exclusive
You claim either 80TTA or 80TTB, never both. A senior automatically uses 80TTB because it is wider and higher, so 80TTA simply does not apply to them.
Old regime only
Neither deduction is available in the new tax regime. To claim 80TTA or 80TTB you must opt for the old regime when filing your return.
Questions people ask
Short answers on Section 80TTA / 80TTB. Tap a question to open it.
01What is the difference between 80TTA and 80TTB?
Section 80TTA gives an individual below 60, or an HUF, a deduction of up to ₹10,000 on savings account interest only. Section 80TTB gives a resident senior citizen up to ₹50,000 on savings, fixed deposit and recurring deposit interest together.
02Can both be claimed?
No. A senior citizen claims 80TTB and is not entitled to 80TTA. The two are mutually exclusive.
03Which accounts qualify under 80TTA?
Savings accounts with a bank, a cooperative society engaged in banking, or a post office. Interest on fixed deposits and recurring deposits does not qualify under 80TTA.
04Does the deduction stop TDS being deducted?
No. TDS under section 194A is deducted on deposit interest once the threshold is crossed, irrespective of the deduction. The deduction is claimed in the return, and the TDS is set off against the final liability.
05Are they available under the new regime?
No. Both are Chapter VI-A deductions and are not available under the new regime.
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Disclaimer: This tool gives indicative results for general guidance only and is not professional advice. Please verify with a qualified CA before acting on the numbers.