SB INTEREST UNDER NEW TAX REGIME

This query is : Resolved 
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Under the new tax regime, there are no exemptions or deductions available for Savings Bank (SB) interest. This applies even to expenses related to savings bank interest. The new tax system does not offer any relief for this type of income.

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(Querist)
20 July 2024 DEAR SIR,

IS THERE SB INTEREST EXEMPTION UNDER NEW TAX REGIME. IF YES HOW MUCH INTEREST CAN BE DEDUTABLE

THANK YOU

REGARDS
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
20 July 2024 No exemption under new regime, for SB interest.
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raghavendra b

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raghavendra b (Querist)
20 July 2024 THANK YOU SIR FOR YOUR REPLY,

IS THERE ANY EXPENSES DEDUCTABLE FROM SAVING BANK INTEREST

REGARDS
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
20 July 2024 No exemption even foe Savings bank interest in NEW regime.
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raghavendra b

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raghavendra b (Querist)
20 July 2024 THANK YOU SIR,

FOR YOUR KIND REPLIES
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
20 July 2024 My Pleasure.
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