21 July 2013
hi, i comes in 30% income slab I recieved interest of rs. 8500 on my bank a/c. Is it taxable or i can get benifit of under 80 TTA. Or should i consider it as income from other source and pay 30% tax on it.
21 July 2013
As your income from saving bank account is less than Rs.10,000 there would be no effect on your final tax liablity as we can claim the same as a deduction under section 80TTA