Mr. H aged 65 years of age earned the following Interest during Financial Year 2023-24. Interest on Savings Bank ₹ 25,000 Interest on FD ₹ 20,000 Interest on Time Deposit ₹ 9,000 What will be the amount of Deduction Unde

CS Executive · Tax Laws · PYQS · June 2024
Mr. H aged 65 years of age earned the following Interest during Financial Year 2023-24. Interest on Savings Bank ₹ 25,000 Interest on FD ₹ 20,000 Interest on Time Deposit ₹ 9,000 What will be the amount of Deduction Under Section 80TTB for the Assessment Year 2024-25:
(A) ₹ 45,000
(B) ₹ 49,000
(C) ₹ 29,000
(D) ₹ 50,000

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax

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