The Statutory Brief

IT Act 1961 → 2025 / Section 80TTA / 80TTB

Deductions

Section 80TTA / 80TTB → Section 153

Deduction for interest on savings accounts (80TTA) and deposits of senior citizens (80TTB)

Section 80TTA / 80TTB of the old Income-tax Act, 1961 · new section 153 under the Income-tax Act, 2025

New reference Section 153

Income-tax Act, 1961Section 80TTA / 80TTB

  • 80TTA: up to ₹10,000 of savings-account interest for individuals and HUFs (not senior citizens)
  • 80TTB: up to ₹50,000 of interest on any deposits (including FDs) for resident senior citizens
  • Two separate sections

Applies to FY 2025-26 (AY 2026-27) and earlier years.

Income-tax Act, 2025Section 153

  • Both merged into section 153
  • 153(2)(a): ₹10,000 savings-account interest for non-senior individuals and HUFs
  • 153(2)(b): ₹50,000 interest on any deposits, including time deposits, for senior citizens
  • Covers banks, co-operative banks and post office deposits

Applies from tax year 2026-27 (from 1 April 2026).

What changed

Merger of two sections into one. Limits unchanged.

Practice notes

  • The CBDT mapping table shows 80TTB as 'Omitted'; its substance is in section 153(1)(b) and (2)(b).
  • Old regime deduction; not available under the default new regime.

These are summaries, not the statutory text. Read the bare Act for both sections on the Income Tax Department's official site, which also has a side-by-side comparison utility.

Frequently asked

What is section 80TTA / 80TTB called in the new Income-tax Act, 2025?

Section 80TTA / 80TTB of the Income-tax Act, 1961 corresponds to Section 153 of the Income-tax Act, 2025, which applies from 1 April 2026 (tax year 2026-27).

What changed in section 80TTA / 80TTB under the new Income Tax Act?

Merger of two sections into one. Limits unchanged.

Is section 80TTA / 80TTB still applicable for FY 2025-26?

Yes. Income of FY 2025-26 (AY 2026-27) and earlier years is governed by section 80TTA / 80TTB of the 1961 Act. Section 153 of the 2025 Act applies from tax year 2026-27.

Related sections

80C→123Deduction for life insurance, PF, PPF, ELSS, tuition fees, home-loan principal and other specified savings80D→126Deduction for health insurance premium, preventive health check-up and medical expenditure for senior citizens194A→393TDS on interest other than interest on securities (FD, RD, loans)