Deduction of saving a/c bank

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Can saving bank charges and deduction under section 80TTA be claimed simultaneously for income tax purpose???
Replies (12)

Saving Bank interest upto Rs 10000 is deducted Under 80 TTA.

While Bank Charges on saving bank Interest can t be claimed under section 80 TTA

Thanks for your response... But my question is can we claim saving account bank charges along with 80TTA Deductions or not?? For example:- If interest is Rs. 15000/- and bank charges are Rs. 2000/- then can I claim Rs. 2000 for bank charges and Rs. 10000/- as deduction u/s 80TTA?? Waiting for your reply...

No, we can't because banks charges are for the bank facilities they provides and not w.r.t. interest income. 

but still the expenses are related to the in
Sorry my query was not completed. The expenses charged by bank was against my interest income i.e., I don't need a bank account if I don't get that interest and I argue why I should be changed with their expenses.
In continuation to my above argument by business is to earn income and I had chosen Savings account route so why I should be deprived of Expenditure debited by bank against my Interest income.

Sir, Bank Charges is Something sort charges that are collected by bank for provoding certain facility so it was never connected to earning bank interest so it was not allowable 80 TTA

 

no,only interest can be claimed under 80 TTA..
the bank charges can't be deducted
For argument's sake I putting forth.

Only saving bank interest can be claimed  as deduction u/s80TTA. Not the bank charges.

And that to upto Rs.10000. So,varun ji u can claim deduction of saving interest Rs. 15000 upto Rs.10000. And bank charges of Rs.2000 can't be claimed under 80TTA.

Varun ji. Deduction u/s80TTA  is allowed to the extent of Rs.10000 for saving interest. And not for bank charges.

Thus for Rs.15000 saving interest,deduction will only be allowed upyo Rs.10000. And not for Rs.2000 bank charges.


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