Saving account interest taxable
This query is : Resolved
30 July 2014
I have earned interest in a saving bank account which is exceeding Rs.10000/-during last FY 13-14. The bank has not deducted any TDS on it. Is this whole amount is taxable ?
30 July 2014
yes but if ur total income means this int + any other taxable income is below slab then not taxable else this int is taxable under income from other sources.
but u can get dedcution u/s 80TTA upto 10,000 on int from savings bank account
but u can get dedcution u/s 80TTA upto 10,000 on int from savings bank account
02 August 2014
on saving bank a/c intt bank not deduct the tds bank deduct the tax only on FDR intt.
you can take Rs. 10000/- deduction u/s 80TTA of saving bank intt. and bal will be include in your taxable income.
you can take Rs. 10000/- deduction u/s 80TTA of saving bank intt. and bal will be include in your taxable income.
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
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- GSTR-4 Annual Return ! Pending Returns for F.Y. 20-21 to 22-23
- GST Taxability
- TDS on payment to CHA as per new section
- Sale of Forign Shares
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
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
