Interest on deposits in saving accounts

This query is : Resolved

Vicky Nandlal Gurubaxani (Querist)
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17 April 2015 Sec. 80TTA deduction of Rs. 10000 in aggregate to an assessee in respect of int on saving accounts with bank, co-operative soc, post office Sec. 10(15)(i) deduction of Rs. 3500 on post office saving bank interest can we claim both i.e. Rs.13500

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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17 April 2015 under sec 80TTA 10,000 is limit but if there is independent exemption available then u can take if ur eligible.

Vineet Goyal

Vineet Goyal (Expert)
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17 April 2015 Sec 10 defines the income which do not form part of Taxable Income. Whereas Sec 80TTA is a deduction section. You can use both of the sections to get maximum benefit.

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