Tax on fd interested if more then 10k

This query is : Resolved

VIJPS (Querist)
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20 July 2014 In last finance year I received total 18200 as interest from FD and bank detected 1820 as tax .

My question will i get benefit of secion 80TTA where10,000 will be tax free ande 8200 will be taxible ?

or i need to pay tax on full amount RS 18200.

Thanks
vikas

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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20 July 2014 yes sec 80TTA is available to u so take 10,000 rs deduction.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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20 July 2014 No. You can not claim deduction u/s 80TTA. Deduction is available only for saving bank interest. Deduction is not available for intetest on FD.

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