Q.Mrs.Roshni receives FD interest of Rs.14500 in FY 2015-16.Can she claim deduction U/s 80 TTA?

Ans.No,since it is FD interest, Mrs.Roshni cannot claim deduction U/s 80 TTA.This deduction is available only on interest earned on Savings bank account and not on FD interest.

For further details refer Deduction U/s 80 TTA.

Q.What amount of Home loan deductions can be claimed for FY 2016-17 ? »

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Harleen Kaur: Harleen Kaur is a Chartered Accountant (ICAI), qualified in 2009, and the founder of Fintrakk. With over 8 years managing finance and accounts and more than 10 years writing personal-finance and investing content for Indian readers, her work is known for being in-depth and well-researched, grounded in primary sources. Harleen also brings 2+ years of experience building technology products.