Tax Deduction Hacks
easy
low risk
Automatic
1 min read
Updated October 2025
Section 80TTB Senior Boost
₹50,000 deduction on deposit interest for seniors
Potential Savings
₹15,600 annually
Time Required
Automatic
Complexity
easy
Legal Status
fully legal
Applicable to:
Senior Citizen 60+
What is This Hack?
Senior citizens (60+) get ₹50,000 deduction on all deposit interest (savings + FD), proposed increase to ₹1 lakh in Budget 2025
Key Benefits
- Potential savings: ₹15,600 annually
- Implementation time: Automatic
- Legal status: fully legal
- Risk level: low
Related Topics
80ttb
senior citizen
interest
deposit
fd
deduction