Urgent plz help?

ITR 432 views 2 replies

Interest earned from the savings salary account during the fy 2012-13 is Rs 32,342.73 is taxable for caluculating tax

Replies (2)
yes interest income on savings account above 10000 is taxable

Hello,

 

For the F.Y. 2012-13 you can take deduction u/s 80TTA for Interest income earned from Savings Bank Account upto Rs. 10,000/- .

 

Regards,

Yatrik Jobanputra


CCI Pro

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