Intrest on saving a/c treatment

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 July 2013 hi,
i am salaried person n want to file my itr.
i come under 30% tax slab.
I received Rs 8750 as intrest on my saving a/c
So can i get benefit under 80 TTA or should i pay tax on it

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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17 July 2013 if u rec hra more then 5000 then u need to file itr2 else file itr1.

yes ur eligible for sec 80TTA deduction upto 10,000 income from int on savings a/c.

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Ganeshbabu K

Ganeshbabu K (Expert)
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17 July 2013 1)You are elgible to take 80TTA

2)Show Interest Rs.8750 in income from other sources

3)claim exemption in 80TTA for Rs.8750

So this interest will not effect your taxliability

Thanks & regards
Ganesh babu k

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