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Section 153 — Deduction for Interest on Deposits: its source in the Income-tax Act, 1961
Section 153 (Deduction for Interest on Deposits) of the Income-tax Act, 2025 consolidates Section 80TTA and Section 80TTB of the Income-tax Act, 1961 as per the official CBDT correspondence.
source provisions · income-tax act, 1961
- Section 80TTA — Deduction in respect of interest on deposits in savings account
- Section 80TTB — Deduction in respect of interest on deposits in case of senior citizens
read both texts · §80TTA (1961) vs §153 (2025)
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Source: the CBDT’s official 1961↔2025 correspondence table (incometaxindia.gov.in), captured 2026-07-21. This is a research aid — verify against the official CBDT utility ↗ before professional reliance.
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