Comparison of Deduction u/s 80TTA & 80TTB.

Paticulars 80TTA 80TTB Remarks
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.  


 
     
   
 
Event Calender
<2021 March>
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8910
Event Date : 10/03/2021
ActApplicable formObligations
Goods and Services TaxGSTR-7Monthly Return by Tax Deductors for February.
Goods and Services TaxGSTR-8Monthly Return by e-commerce operators for February.
11
Event Date : 11/03/2021
ActApplicable formObligations
Goods and Service TaxGSTR-1Monthly return of Outward Supplies for February.
1213
Event Date : 13/03/2021
ActApplicable formObligations
Goods and Services TaxGSTR-6Monthly Return of Input Service Distributor for February
Goods and Services TaxIFFOptional Upload of B2B invoices, Dr/Cr notes for February under QRMP scheme.
14
151617181920
Event Date : 20/03/2021
ActApplicable formObligations
Goods and Services TaxGSTR-5 & 5AMonthly Return by Non-resident taxable person for february
Goods and Services TaxGSTR-3BSummary Return cum Payment of Tax for Feb by monthly filers.
21
22232425
Event Date : 25/03/2021
ActApplicable formObligations
Goods and Services TaxPMT-06Deposit of GST of February under QRMP scheme.
262728
293031
Event Date : 31/03/2021
ActApplicable formObligations
Goods and Service TaxGST RFD-11Online Application for Letter of Undertaking (LUT) for Exports & Supplies to SEZ without payment of tax in 2021-22.
Goods and Services TaxGST CMP-02Opt for Composition schme for FY 2021-22. Existing ones are not required to apply again.
MSME ACT-Migration of All existing Entrepreneurs Memorandum (EM) Part II and Udyog Aadhaar Memorandum (UAMs) obtained till 30.06.2020 to New Udyam Registration. ( https://udyamregistration.gov.in )
MSME ACT-GST registration is mandatory for Udyam Registration w.e.f. 1.4.21. In case you have obtained Udyam Registration on Self Declaration Basis & apply for GST registration and update in Udyam Registration to avoid de-activation (https://udyamregistration.gov.in )
Goods and Services TaxGSTR-9CGST Audit Report for 19-20. Mandatory if Turnover > 5 cr.
Goods and Services TaxGSTR-9GST Annual Return for 19-20. Mandatory if Turnover > 2cr.
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