An individual resident senior citizen tax payer can claim an amount of ______ as deduction in respect of specified income of interest on bank deposits, post office deposits and deposits held in a banking cooperative soci

CS Executive · Tax Laws and Practice · PYQS · December 2020
An individual resident senior citizen tax payer can claim an amount of ______ as deduction in respect of specified income of interest on bank deposits, post office deposits and deposits held in a banking cooperative society.
(A) ₹10,000
(B) ₹30,000
(C) ₹50,000
(D) ₹75,000

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Deductions from Gross Total Income

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic