Post office saving a/c interest
This query is : Resolved
08 August 2013
Section 80TTA provides a deduction of Rs10,000 on your income from interest on saving bank accounts. PO SB A/c interest upto Rs 10000/- is also exempt u/s 80TTA.
08 August 2013
The tax free benefit given in 10(15)(i) is limited to Rs.3,500 if deposit is in single name or Rs.7000/- in case deposit is in joint names.
Notification as such is not seen in website but a passing reference is seen in the link http://ipaspmhandgoa.blogspot.in/2011/09/removal-of-ceiling-of-maximum-balance.html
Notification as such is not seen in website but a passing reference is seen in the link http://ipaspmhandgoa.blogspot.in/2011/09/removal-of-ceiling-of-maximum-balance.html
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WHETHER EXEMPTION OF 3500 ON PO SB A/C IS AVAILIABLE OR IT IS WITHDRAWN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 AN D ANY AMOUNT ABOVE 3500 WILL GET DEDUCTION UNDER 80TTA
IT IS DOUBLE BENEFIT,BECAUSE PO SB INTEREST IS EXEMPT UPTO 3500 AN D ANY AMOUNT ABOVE 3500 WILL GET DEDUCTION UNDER 80TTA
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WHETHER EXEMPTION OF 3500 ON PO SB A/C IS AVAILIABLE OR IT IS WITHDRAWN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--
http://www.indiapost.gov.in/posb.aspx
See below link--
http://www.indiapost.gov.in/posb.aspx
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