Interest from savings accounts with banks, co-operative societies, and post office savings is eligible for deduction under Section 80TTA up to the notified limit for eligible taxpayers.
Filing tips
- Report gross interest in income from other sources
- Claim 80TTA in Chapter VI-A (not available with new regime if disallowed)
- Reconcile with AIS and Form 26AS bank interest entries
- Seniors may claim 80TTB on deposits instead — verify eligibility
See FD interest in ITR, senior citizen ITR guide, and personal tax filing.
