COMPARISON OF DEDUCTION U/S 80TTA & 80TTB.

Paticulars80TTA80TTBRemarks
Applicable wefAY 2013-14AY 2019-20Till AY 2018-19 80TTA available to senior citizens also.
Deductor to whom applicableBanks, Cooperative banks, Post offices etc.Banks, Cooperative banks, Post offices etc.Not applicable to other deductors like Companies who may have taken deposits.
Deductee to whom applicableIndividuals (other than Senior citizens) & HUFSenior CitizensEither 80TTA or 80TTB can be claimed.
Residential status of deducteeResidents & Non-residentsResidents only 
Type of payment on which applicableInterest on Savings accountInterest on Savings account & Fixed DepositsNo benefit to persons other than senior citizens for interest on FD.
Maximum deduction1000050000Deductor to give remarks “R” for 80TTB till amount reaches 50,000
Where to claimITR (as TDS not applicable on interest on savings account)TDS & ITR. 
 



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