u/s 80 tta

This query is : Resolved

Patel (Querist)
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27 July 2013 sir

In period 01.04.12 to 31.03.13 i have received below interest amount

bank int RS 2000/-
Bank FD Int RS 3000/-
Bank RS Int RS 1500/-
Int on IT Refund RS 947/-

Kindly advise how much amount i can claim u/s 80tta

Regards
Piyush

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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27 July 2013 80TTA is for savings bank account interest only. Deduction is actual s.b interest amount or Rs.10,000 whichever is less.

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Ganeshbabu K

Ganeshbabu K (Expert)
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28 July 2013 Eligible under section 80TTA is Rs.3500

You need to show income from other sources in interest coloumn for Rs.7447 and can claim exemption under section 80TTA for Rs.3500

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Patel

Patel (Querist)
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28 July 2013 Sir

one small doubt Bank RD int is taxable right ??

regards
Piyush

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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28 July 2013 FD interest is taxable.

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