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Interest on post office deposits

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 April 2013 I Want to ask whether Interest on Post office is exempt under Income Tax or not for A.Y 2012-13.If Yes, how much is it exempt or under which section.
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Dintakurthi Tirumala

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Dintakurthi Tirumala (Expert)
23 April 2013 It is not exempted it is taxable under the head income from other sources.

OM SAI SRI SAI JAI JAI SAI
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
24 April 2013 Interest on 'post office savings bank a/c' is exempt u/s 10(15)(i) of the Income tax Act,1961.
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