Section 80TTA provides a deduction of Rs 10,000 on interest income. This deduction is available to an Individual and HUF. This deduction is allowed on interest earned – From a savings account with a bank. From a savings account with a co-operative society carrying on the business of banking.
Section 80TTB is a provision whereby a taxpayer who is a resident senior citizen, aged 60 years and above at any time during a Financial Year (FY), can claim a specified amount as a deduction from his gross total income for that FY.
Please refer to the attached document for more details on 80TTA and 80TTB.