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

Nikhil Kaushik

Nikhil Kaushik (Expert)
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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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