Interest earned from the savings salary account during the fy 2012-13 is Rs 32,342.73 is taxable for caluculating tax
2 Replies
PMA Nooruddin
(M.Com, Finance Manager)
(422 Points)
Replied 01 August 2013
yes
interest income on savings account above 10000 is taxable
Yatrik Jobanputra
(CA Final Student)
(170 Points)
Replied 01 August 2013
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
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