Interest on sb a/c
This query is : Resolved
VIDYAMANI B S
(Querist)
19 March 2013
Hi,
I wanted to know the taxing provision of interest received from nationalised banks on Savings Bank A/c. Is there an exemption, if so what amount?
Thanks in advance.
I wanted to know the taxing provision of interest received from nationalised banks on Savings Bank A/c. Is there an exemption, if so what amount?
Thanks in advance.
CA Suraj Lakhotia
(Expert)
19 March 2013
There is a deduction of Rs. 10,000/- u/s 80TTA.
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