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Interest on sb a/c (Income Tax)

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This query is : Resolved

Querist : Anonymous

( Querist )
22 March 2012

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.

Querist : Anonymous

( Querist )
26 March 2012

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.

Querist : Anonymous

( Querist )
26 March 2012

Please give reply on this issue

Querist : Anonymous

( Querist )
29 March 2012

Please clarify



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