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 https://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 https://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WHETHER EXEMPTION OF 3500 ON PO SB A/C IS AVAILIABLE OR IT IS WITHDRAWN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WHETHER EXEMPTION OF 3500 ON PO SB A/C IS AVAILIABLE OR IT IS WITHDRAWN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--
https://www.indiapost.gov.in/posb.aspx
See below link--
https://www.indiapost.gov.in/posb.aspx
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- Taxable or Tax exempt
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- TDS Deducted AY-2013-14 Not Reflected in 26as
- ADVANCE PAYMENT OF ADVOCATE
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- CREDIT NOTES WITHOUT GST
- DIN reactivation
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Capital gain on sale and purchase of plot
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
