banner_ad

Tax on fd interested if more then 10k

This query is : Resolved 
Profile Image

Profile Image

(Querist)
20 July 2014 In last finance year I received total 18200 as interest from FD and bank detected 1820 as tax .

My question will i get benefit of secion 80TTA where10,000 will be tax free ande 8200 will be taxible ?

or i need to pay tax on full amount RS 18200.

Thanks
vikas
Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
20 July 2014 yes sec 80TTA is available to u so take 10,000 rs deduction.
Profile Image

CMA. CS. Sanjay Gupta

Profile Image

CMA. CS. Sanjay Gupta (Expert)
20 July 2014 No. You can not claim deduction u/s 80TTA. Deduction is available only for saving bank interest. Deduction is not available for intetest on FD.
Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
21 July 2014 agreed with Sanjay ji. 80TTA is available only on the saving bank a/c interest
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details