Saving account bank interest
This query is : Resolved
02 August 2014
Hello, Is Bank account interst is taxable for A.Y. 2014-15, even if total interest is less than 10000Rs.
Kindly assist
Thanks
Rupesh Jain
(Expert)
02 August 2014
saving bank a/c intt deductible u/s 80TTA up to rs. 10000/- in a year
02 August 2014
Savings Bank interest is exempted u/s 80TTA upto Rs 10000. Amount in excess of Rs 10000 is taxable.
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