Senior citizens can claim tax deductions for FDs, post office schemes under Section 80TTB; know the details – Section 80TTB: All you need to know

The deduction under section 80TTB is available to senior citizens on the interest income earned during the financial year from any of the following deposits

1) Interest income earned on deposits that are held with a banking institution. It includes savings accounts, fixed deposits, recurring deposits, etc.

2) Interest income on deposits with any registered co-operative society.

3) Any interest income on deposits held with a post office.