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Interest on sb a/c (Income Tax)

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This query is : Resolved

Author : Anonymous

( Author )
22 March 2012

Sir,
As per Budget 12-13 SB account interest exempted up to Rs.10000/-. In case of Saving Plus account if we receive interest what will be the applicability. Please clarify.


CA Siddhartha Bhardwaj

( Expert )
24 March 2012

Saving plus is a saving account only and accordingly interest will be eligible for exemption.


Author : Anonymous

( Author )
26 March 2012

Sir,
After exceeding the thresh hold limit the amount transferred to MOD, the interest will be calculated on MOD, Please give your justification in this case.


Author : Anonymous

( Author )
26 March 2012

Please give reply on this issue


Author : Anonymous

( Author )
29 March 2012

Please clarify


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