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Po sb a/c interest

This query is : Resolved 
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(Querist)
08 August 2013 WHETHER EXEMPTION OF 3500 ON PO SB A/C IS AVAILIABLE OR IT IS WITHDRAWN

IT IS DOUBLE BENEFIT,BECAUSE PO SB INTEREST IS EXEMPT UPTO 3500 AND ANY AMOUNT ABOVE 3500 WILL GET DEDUCTION UNDER 80TTA?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
08 August 2013 Deduction upto Rs 10000/- only is available u/s 80TTA from FY 2012-13.

See below link--

https://www.indiapost.gov.in/posb.aspx
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rohit

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rohit (Querist)
09 August 2013 1}I AM STILL NOT CLEAR,WHETHER EXEMPTION OF 3500 IS AVAILIABLE OR NOT FOR A.Y 2013-2014

ALSO WHAT DOES THIS MEAN..
Interest earned is Tax Free up to INR 10,000/- per year either in single or joint account for 2012-13.
JOINT A/C PO SB A/C INTEREST ALSO GET DEDUCTION UBDER 80TTA
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rohit

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rohit (Querist)
09 August 2013 1}I AM STILL NOT CLEAR,WHETHER EXEMPTION OF 3500 IS AVAILIABLE OR NOT FOR A.Y 2013-2014

ALSO WHAT DOES THIS MEAN..
Interest earned is Tax Free up to INR 10,000/- per year either in single or joint account for 2012-13.
JOINT A/C PO SB A/C INTEREST ALSO GET DEDUCTION UNDER 80TTA
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
09 August 2013 Exemption of Rs 3500/- not available for AY 2013-14. Yes deduction can also be claimed in respect of joint SB account.
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