post office interest
Vedangi Deshmukh (112 Points)
25 July 2018then what would be tax treatment of interest from post office
Vedangi Deshmukh (112 Points)
25 July 2018
Deepak Gupta
(CA Student)
(15922 Points)
Replied 25 July 2018
Interest income from post office savings account |
27149 |
Less: Exempt u/s 10(15)(i) [N.N. 32/2011, dated 03.06.2011] |
3500 (in case of individual a/c) |
Gross taxable |
23649 |
Less: Deduction u/s 80TTA (subject to maximum 10k incl. other savings accounts as well) |
10000 |
Net taxable |
13649 |
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)