80TTB
3 articles tagged 80TTB.
NRI Senior Parents in India Tax Planning 2026: 80D, 80DDB, 80TTB, Gift + Clubbing Rules
An NRI son in Dubai pays ₹60,000 premium for his Bangalore parents' health insurance, sends ₹50,000 monthly maintenance, and worries about whether his parents' SCSS investment counts when they are 65+ and his sister files Power of Attorney. The 2026 master playbook: Sec 80D for senior parents premium, Sec 80DDB chronic illness, Sec 80TTB senior interest deduction post-Apr-2025, gift rules without clubbing, and which schemes only Indian-resident parents can hold.
Best Senior Citizen Fixed Deposit Rates India 2026: Extra 0.5% Advantage
Senior citizens (aged 60 and above) get an extra 0.25%–0.75% interest rate on fixed deposits compared to general investors, on top of already competitive bank rates. In June 2026, senior citizens can earn up to 8.6% at small finance banks. This guide compares the best rates, explains the enhanced TDS threshold, Form 15H, Section 80TTB deduction, and whether FDs or SCSS are better for senior income.
Income Tax for Pensioners India 2026: Slabs, 80TTB ₹1 Lakh, Standard Deduction & Form 15H
Pensioners get a better deal in 2026 than most realise — senior interest TDS-free threshold doubled to ₹1L, ₹12.75L effectively tax-free under new regime. The complete guide.