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12 February 2016 Is TDS deducted on the savings bank interest??

12 February 2016 No TDS in not deducted on savings bank interest but if total interest in the year is more than Rs. 10000/- the more than 10000/- portion is taxable as income from other sources.

12 February 2016 SB interest bank is not deducting TDS, SB interest to be declared in Income from other sources. Deduction is allowed upto Rs.10000/- u/s 8TTA.






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