Po sb a/c interest
This query is : Resolved
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WHETHER EXEMPTION OF 3500 ON PO SB A/C IS AVAILIABLE OR IT IS WITHDRAWN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?
IT IS DOUBLE BENEFIT,BECAUSE PO SB INTEREST IS EXEMPT UPTO 3500 AND ANY AMOUNT ABOVE 3500 WILL GET DEDUCTION UNDER 80TTA?
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
See below link--
https://www.indiapost.gov.in/posb.aspx
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
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
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
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
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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