Impact of section 10(15) and 80tta

Sunil Kumar Ponnada (Student) (39 Points)

27 February 2016  
If the total interest from post office savings account is Rs. 20,000, then will the tax payer be able to claim a deduction of Rs. 13,500 (i.e Rs. 3500 reduced from the interest income under section 10(15) and Rs. 10,000 claimed as deduction under section 80TTA). Kindly clarify, thanks