Tax on Savings Bank Interest: Complete Guide to Deductions Under Section 80TTA

, Last updated: 18 September 2025 Share Follow on Google News

A savings bank account is one of the most common financial tools that almost every individual holds. While it helps in keeping money safe and liquid, the interest earned on a savings account is not completely tax-free. According to the Income Tax Act, the interest is considered "Income from Other So

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About the Author

Pranab Banerjee

Software Maker & Income Tax Practisioner

I am a B.com from Kolkata University, West Bengal. I have some knowledge in Ms. Excel and ors DBMS in Computer. I have also some knowledge about Accounts and Income Tax. I have already prepared various Excel Calculation software and shared the same. Visit My Web Site www.itaxsoftware.net OR More Income Tax Related E ... Read more

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