Deduction on interest for senior citizens - Section 336
Senior citizens (60+) can claim deduction up to ₹50,000 on interest from bank deposits (savings + FD + RD), post office deposits, and co-operative bank deposits. Supersedes 80TTA for senior citizens.
Key provisions
- Senior citizens (60+) can claim deduction up to ₹50,000 on interest from bank deposits (savings + FD + RD), post office deposits, and co-operative bank deposits. Supersedes 80TTA for senior citizens.
Use via API
GET/v1/tax-law/sections/by-2025-ref/336
Programmatic access - free, no signup required. ISR-cached for 24 hours.
REQUEST · cURL
curl https://api.thynktax.com/v1/tax-law/sections/by-2025-ref/336
RESPONSE · 200 OK
{
"act_2025_ref": "336",
"old_reference": "Section 80TTB, Income Tax Act 1961",
"title": "Deduction on interest for senior citizens - Section 336",
"category": "Section",
"limit_or_rate": "-",
"applicable_to": "-",
"effective_from": "2026-04-01"
}