what is the provision to bank interest Rs.10000 rebate?
S Uthaya Sooriyan (3 Points)
12 March 2018
amount exceeding Rs.10000 for a financial year is taxable?(on bank interest)
3 Replies
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 12 March 2018
Yes... it's taxable under IFOS.
Vipul Singh
(Self Employed)
(92 Points)
Replied 12 March 2018
interest on saving account is exempted upto 10000 under section 80tta. Above 10000 is charegable to tax
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