Interest deduction calculator: 80TTA and 80TTB
Enter the interest from your bank and post office accounts. See the tax-free part, ₹10,000 under 60 or ₹50,000 for seniors.
- Seniors' ₹50,000 included
- Old regime
- Free, no sign-up
Is your bank taking too much TDS?
Our experts check the interest in your AIS, the TDS your bank deducted, and whether you can stop it with Form 15G or 15H.
Questions people often ask
My bank deducted TDS on FD interest. Do I lose it?
No. TDS counts towards your tax. If you owe less, you get the extra back as a refund when you file.
I'm 62. Does my FD interest count?
Yes, under 80TTB, together with savings and RD interest, up to ₹50,000.
Tax-free interest by age
Old regime only.
| Under 60 (80TTA) | 60+ (80TTB) | |
|---|---|---|
| Savings account | Yes | Yes |
| FD and RD | No | Yes |
| Limit | ₹10,000 | ₹50,000 |
Last reviewed 8 October 2026. The rules in this calculator come from these official sources.
- Tax rules for salaried individuals, AY 2026-27 Income Tax Department
Common questions
What is 80TTA?
A deduction of up to ₹10,000 a year on savings account interest, for people under 60. FD and RD interest doesn't count.
What is 80TTB?
For residents aged 60 or older: up to ₹50,000 a year on interest from savings accounts, FDs and RDs with banks, co-operative banks and post offices. Seniors use 80TTB instead of 80TTA.
Can I claim 80TTA under the new regime?
No. Neither 80TTA nor 80TTB is available under the new regime.
Does FD interest count for 80TTA?
No. Only savings account interest counts if you're under 60.
Does interest from company FDs count?
No. Only deposits with banks, co-operative banks and post offices count.
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