# Comparison of Deduction under section 80TTA & 80TTB

**URL:** <https://community.greythr.com/t/comparison-of-deduction-under-section-80tta-80ttb/639>\
**Category:** Income Tax\
**Created:** [August 27, 2020, 3:18am UTC](https://community.greythr.com/t/comparison-of-deduction-under-section-80tta-80ttb/639 "2020-08-27T03:18:39Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![Chethanbn](https://avatars.discourse-cdn.com/v4/letter/c/c5a1d2/32.png) [@Chethanbn](https://community.greythr.com/u/Chethanbn)\
**Post date:** [August 27, 2020, 3:18am UTC](https://community.greythr.com/t/comparison-of-deduction-under-section-80tta-80ttb/639/1 "2020-08-27T03:18:39Z")

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**80TTA:**

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.

**80TTB:**

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.

[Comparison of Deduction under section 80TTA & 80TTB.pdf](https://community.greythr.com/uploads/short-url/fnkBzk6tTyTTe1KvjzlLNJmuzJO.pdf) (41.4 KB)

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**Author:** ![Vijayendra](https://avatars.discourse-cdn.com/v4/letter/v/a87d85/32.png) [@Vijayendra](https://community.greythr.com/u/Vijayendra)\
**Post date:** [August 27, 2020, 4:03am UTC](https://community.greythr.com/t/comparison-of-deduction-under-section-80tta-80ttb/639/2 "2020-08-27T04:03:41Z")

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@Chethanbn Will the interest earned need to be also shown as an income from other sources to be able to claim the deduction?

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<div class="post-metadata">

**Author:** ![Chethanbn](https://avatars.discourse-cdn.com/v4/letter/c/c5a1d2/32.png) [@Chethanbn](https://community.greythr.com/u/Chethanbn)\
**Post date:** [August 27, 2020, 4:58am UTC](https://community.greythr.com/t/comparison-of-deduction-under-section-80tta-80ttb/639/3 "2020-08-27T04:58:38Z")

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@Vijayendra Yes, The interest earned should be shown in income from other sources.