Life insurance exemption and saving bank interest
This query is : Resolved
11 June 2013
DEAR SIR, I am going to file ITR for AY 2010-11, 2011-12, due not filled request please advise
1. Is interest earned in saving bank is taxable.
2. How much(%) exemption I can take on premium paid for life insurance. thanks
1. Is interest earned in saving bank is taxable.
2. How much(%) exemption I can take on premium paid for life insurance. thanks
11 June 2013
they might have issue form 15g/h certificate.
entire premium upto max. of rs.1 lac.
entire premium upto max. of rs.1 lac.
11 June 2013
1. fully taxable in both years......f.y. 2012-13 onwards exempt till 10000/-
2. 20% you can take for both years.....f.y 2012-13 onwards 10%.11
2. 20% you can take for both years.....f.y 2012-13 onwards 10%.11
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
