Saving bank interest
This query is : Resolved
11 January 2013
as normal.. saving account interest is taxable and it is added in total income ...
but i have a doubt.. i read somewhere that it is taxable in excess of 10000 only.. it means if total interest from various banks is less than 10000 then it wl not b added in total income... if it is more than 10000 then only difference wl be added...
please confirm me this provision..
but i have a doubt.. i read somewhere that it is taxable in excess of 10000 only.. it means if total interest from various banks is less than 10000 then it wl not b added in total income... if it is more than 10000 then only difference wl be added...
please confirm me this provision..
11 January 2013
yes , amount in excess of 10000 would be taxable
12 January 2013
Yes u/s 80TTA,
however take care that it is applicable from AY 2013-14.
however take care that it is applicable from AY 2013-14.
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