Fd interest
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 March 2014
Dear sir,
If i have 5FDs with different banks which are not tax saving
Each bank will deduct TDS after crosing Rs.10,000
my questions are
In which section i can deduct interest?
I have interest with different amounts like 12000, 15000, 10000,20000,7252 how ican calim deduction like each FD has seperate Deduction or for whole i can have single deduction of Rs 10000
If i have 5FDs with different banks which are not tax saving
Each bank will deduct TDS after crosing Rs.10,000
my questions are
In which section i can deduct interest?
I have interest with different amounts like 12000, 15000, 10000,20000,7252 how ican calim deduction like each FD has seperate Deduction or for whole i can have single deduction of Rs 10000
Nikhil Kaushik
(Expert)
17 March 2014
you get an overall exemption of Rs 10000 under 80TTA. any interest over and above this is included in your income anyways as "income from other sources"
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