Interest on post office deposits
This query is : Resolved
Querist : Anonymous
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.
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
OM SAI SRI SAI JAI JAI SAI
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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