I have a few questions re. SB interest. Please help:
1. Is Savings bank account interest < Rs. 10,000 taxable for the current AY 2012-13? Or is it only from next year that it is not?
2. My bank has not done TDS on this amount. Should I file challan 280 with appropriate tax?
3. Do I need to pay interest penalty on this payment @ 1.5%?