Deduction on savings account interest - Section 335

Deduction up to ₹10,000 on interest from savings accounts (bank, post office, co-operative society) for individuals and HUFs below 60 years. Not applicable to senior citizens (they use 80TTB).

Key provisions

• Deduction up to ₹10,000 on interest from savings accounts (bank, post office, co-operative society) for individuals and HUFs below 60 years. Not applicable to senior citizens (they use 80TTB).

Use via API

curl https://api.thynktax.com/v1/tax-law/sections/by-2025-ref/335

{
  "act_2025_ref": "335",
  "old_reference": "Section 80TTA, Income Tax Act 1961",
  "title": "Deduction on savings account interest - Section 335",
  "category": "Section",
  "limit_or_rate": "-",
  "applicable_to": "-",
  "effective_from": "2026-04-01"
}