Easy Office
LCI Learning

Saving bank interest

This query is : Resolved 

11 January 2013 as normal.. saving account interest is taxable and it is added in total income ...

but i have a doubt.. i read somewhere that it is taxable in excess of 10000 only.. it means if total interest from various banks is less than 10000 then it wl not b added in total income... if it is more than 10000 then only difference wl be added...

please confirm me this provision..

11 January 2013 yes , amount in excess of 10000 would be taxable

12 January 2013 Yes u/s 80TTA,
however take care that it is applicable from AY 2013-14.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query