| Applicable wef | AY 2013-14 | AY 2019-20 | Till AY 2018-19 80TTA available to senior citizens also. |
| Deductor to whom applicable | Banks, Cooperative banks, Post offices etc. | Banks, Cooperative banks, Post offices etc. | Not applicable to other deductors like Companies who may have taken deposits. |
| Deductee to whom applicable | Individuals (other than Senior citizens) & HUF | Senior Citizens | Either 80TTA or 80TTB can be claimed. |
| Residential status of deductee | Residents & Non-residents | Residents only | |
| Type of payment on which applicable | Interest on Savings account | Interest on Savings account & Fixed Deposits | No benefit to persons other than senior citizens for interest on FD. |
| Maximum deduction | 10000 | 50000 | Deductor to give remarks "R" for 80TTB till amount reaches 50,000 |
| Where to claim | ITR (as TDS not applicable on interest on savings account) | TDS & ITR. | |
