saving bank interest

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Deepak (Querist)
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22 July 2011 is saving bank interest taxable, if yes then what r the limit of saving bank interest.

Bhaskaran Chackrapani Warrier (Expert)
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22 July 2011 1.S.B.Account interest of bank is fully taxable.
2. S.B.Account interest of post office is exempt up to Rs.3,500/-.

CA Ravi Sisodia (Expert)
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22 July 2011 Agreed , saving bank interest is fully taxable.

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