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Chapter vi a

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(Querist)
09 October 2013 Under section 80TTA introduced from AY 13-14, interest upto 10000 on savings bank account is exempted or deducted?
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Jalpa Shah

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Jalpa Shah (Expert)
09 October 2013 It is a deduction under chapter VI A and not exemption..
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CA Pallav Singhania

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CA Pallav Singhania (Expert)
09 October 2013 Agree,
Its a Deduction in respect of interest on deposits in savings account under Section 80TTA of Income Tax Act, 1961..
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