Section 80tta
This query is : Resolved
14 August 2014
My query is Suppose if an individual assessee is having an income(interest) from post office saving account Rs.15000. How much deduction will he be eligible for u/s.80TTA?
Is he eligible for exemption of Rs.3,500 u/s.10(15) as well as deduction u/s.80TTA amounting to Rs.10,000?
Is he eligible for exemption of Rs.3,500 u/s.10(15) as well as deduction u/s.80TTA amounting to Rs.10,000?
Nikhil Kaushik
(Expert)
14 August 2014
well both 80TTA and 10(15) shall be allowed.
Rs 3,500 shall be available as exempted income and Rs 10,000 as deduction.
Rs 3,500 shall be available as exempted income and Rs 10,000 as deduction.
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