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Interest on bank deposits

This query is : Resolved 
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(Querist)
24 September 2009 Is interest income on S/B accounts exempt from tax in the current AY or is there a limit?
Is interest income on Bank FDs exempt from tax in the current AY?
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Ratan Sharma

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Ratan Sharma (Expert)
25 September 2009 Interest on saving bank account as well as Bank FD is fully chargeable to tax. There is no limit.
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CA CHINTAN AJMERA

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CA CHINTAN AJMERA (Expert)
25 September 2009 Agree
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SUBRAMONY V

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SUBRAMONY V (Expert)
25 September 2009 section 80 L was removed years back and now all interest are chargeable to tax
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Sreedhar Atchutuni ACA,GradCWA

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Sreedhar Atchutuni ACA,GradCWA (Expert)
25 September 2009 Interest on SB and FD is fully taxable.
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Karen

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Karen (Querist)
25 September 2009 U mean to say the limit of 15000 is now done away with?
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Ratan Sharma

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Ratan Sharma (Expert)
25 September 2009 yes
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