Interest-tax utility

Bank Interest Deduction — 80TTA, 80TTB and Section 153

Calculate ₹10,000 savings-interest or ₹50,000 senior-citizen deposit-interest deduction under old-regime rules.

Calculate deduction for bank and post-office interest

Interest deduction result

Deduction reduces taxable income; it is separate from the bank’s TDS threshold.
Eligible interest
Deduction
MeasureAmount / reference
Interest not eligible under selected category
Statutory ceiling
Legal reference