Deduction from total income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 June 2014
Assessee is individual. His total income for AY 14-15 is above 30 lac. If he receives interest of Rs.24252/- on savings a/c, what will be deduction u/s. 80tta?
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 June 2014
But if total income is more than 5 lac, then also we recd the deduction of 10000/-?
27 June 2014
if in interest on saving a/c then he can calim deduction /s 80TTA up to Rs. 10000/- there is no link with the total income.
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