What is the 80TTA limit?

Under Section 80TTA, you can claim a deduction of up to ₹10000 on interest earned from savings accounts in banks, post offices, or co-operative societies.

Is 80TTB only for senior citizens?

Yes, Section 80TTB allows senior citizens (60+) to claim a deduction of up to ₹50000 on all types of bank and post office interest, including FDs and RDs.

Savings Account Interest Calculator

Calculate net savings account interest after tax. Compare with FD using 80TTA/80TTB deductions.

Share this calculation:

Documentation

Quick Summary: Savings Account Interest Calculator

A Savings Account Interest Calculator computes daily interest earned on balances, factoring in tax deductions of up to ₹10000 under Section 80TTA (for individual taxpayers) and up to ₹50000 under Section 80TTB (for senior citizens) in FY 2026-27.

Related Calculators

FD Ladder Planner

FD Calculator

Compound Interest Solver

Regulatory Disclaimer

Last verified May 2026

Statutory Disclosure

Nature:Calculator platform and is NOT a SEBI-registered Investment Adviser. All calculations are indicative.

Risk:"Investments in securities market are subject to market risks. Read all related documents carefully before investing."

Consult a SEBI-registered IA or CA for personalised advice.

9 out of 10 traders in F&O incurred net losses (SEBI 2023). Tax estimates based on IT Act 2025. Trezoriq is not liable for financial decisions based on results.