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post office saving bank interest

This query is : Resolved 

whether interest received from post office saving bank account is exempt under income tax act or not????


NOT EXEMPTED.

agreed, it is taxable.

Interest on post office savings bank account is tax free under section 10(15)(i)of the Income tax Act,1961 read with notification GSR 607(E) dated 9/6/1989.

agreed with warrier ji,
regards,

Exempt u/s 10(15)(i)

thanks for update

yes exempt


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