08 March 2016
dear Sir I work in a bank and I earn interest income more than 10000 as we don't deduct any tax for customers if they provide 15g/h but in my case my income exceeds 250000 and my confusion is that how much income should I consider 25000 plus interest income or 250000+ interest income - 10000(exempted)
09 March 2016
I think your income is 250000+interest income, but can you take benefit of section 80TTA only and only if interest is earned on other than time deposits.
CAclubindia
