DEDUCTION U/S 80TTA & 80TTB

Paticulars	80TTA	80TTB	Remarks
Applicable wef	AY 2013-14	AY 2019-20	Till AY 2018-19 80TTA available to senior citizens also.
Deductor to whom applicable	Banks, 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 applicable	Individuals (other than Senior citizens) & HUF	Senior Citizens	Either 80TTA or 80TTB can be claimed.
Residential status of deductee	Residents & Non-residents	Residents only
Type of payment on which applicable	Interest on Savings account	Interest on Savings account & Fixed Deposits	No benefit to persons other than senior citizens for interest on FD.
Maximum deduction	10000	50000	Deductor to give remarks “R” for 80TTB till amount reaches 50,000
Where to claim	ITR (as TDS not applicable on interest on savings account)	TDS & ITR.