post office saving bank interest
This query is : Resolved
27 May 2010
whether interest received from post office saving bank account is exempt under income tax act or not????
27 May 2010
NOT EXEMPTED.
27 May 2010
agreed, it is taxable.
27 May 2010
Interest on post office savings bank account is tax free under section 10(15)(i)of the Income tax Act,1961 read with notification GSR 607(E) dated 9/6/1989.
Message likes :
2 times
27 May 2010
agreed with warrier ji,
regards,
regards,
27 May 2010
Exempt u/s 10(15)(i)
27 May 2010
thanks for update
27 May 2010
yes exempt
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