Section 80 TTA – Exemption for Savings Interest | 80TTA Complete Guide: Definitions, Limits, Eligibility, Exceptions for the Fiscal Year 2022-23 (A..Y 2023-24 Therefore, A savings bank account is like a digital piggy bank where interest is earned. Most people have savings bank accounts, but most of them are not aware of the taxation of accrued interest on savings accounts. Interest earned from savings accounts is taxed based on income from other sources and interest deduction u/s 80TTA is also allowed. What is the 80TTA section? In other words, Section 80TTA of the…