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Interest on sb a/c

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(Querist)
19 March 2013 Hi,
I wanted to know the taxing provision of interest received from nationalised banks on Savings Bank A/c. Is there an exemption, if so what amount?
Thanks in advance.
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CA Suraj Lakhotia

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CA Suraj Lakhotia (Expert)
19 March 2013 There is a deduction of Rs. 10,000/- u/s 80TTA.

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