BANK INTEREST

80TTA is applicable on savings interest. Bank does not deduct TDs on savings interest. So the amount coming in 26AS should be FD interest. Theactual savings interest should be added from the pass book/ bank statement and should not be assumed to be 10000.

INTEREST INCOME IS RS 30,000

AND TDS DEDUCTION IS RS 10,000

TO BE PUT IN ITR 

@ Mr. Prakash Chandra.,

Your query is not cleared... Bcoz,

What is the exact interest income from the bank?
It's 20k or 30k...?
If 30k then tds will deduct 3k... If it's 20k then there TDS is correctly deducted by bank...

Note :
Bank can't compute your deduction like 80TTA. If interest is less than 10k then bank can't deduct TDS. If it's exceeding above 10k (in case 10,100) then bank deduct TDS on total interest Rs. 1010...

So,
Please elaborate your query once again...

as per MADHAVI sir, bank does not deduct TDS on saving a/c interest. if saving a/c interest is above 10000 then bank will deduct TDS or not

i want to clear my doubt about it. if saving bank account interest is 10k in a year then bank what deduct. if saving bank account interest is 20k in a year then bank what deduct.

As per MADHAVI sir Bank does not deduct tds on saving interest. my question is... if saving interest is more than 10k then what.. if saving interest is 10k then what tds if saving interest is 20K then what tds