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Taxability of tax on saving bank intersest

This query is : Resolved 
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(Querist)
09 January 2014 Res. Sir,
For F.Y 2012-13.

Whether the interest earned on saving bank a/c is taxable or not ?
If not, then what is the limit for exemption ?
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CS Advocate Abhishek Goyal

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CS Advocate Abhishek Goyal (Expert)
09 January 2014 Interest earned on savings bank is taxable under the head income from other sources. However, for FY 2012-13 relevant to AY 2013-14 u/s 80TTA savings bank interest is exempt upto Rs. 10,000/-.
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Patel Bhadresh

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Patel Bhadresh (Querist)
09 January 2014 Thanks a lot Sir,
Highly satisfied by the answer.
Thanks again.
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Patel Bhadresh

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Patel Bhadresh (Querist)
09 January 2014 Thanks a lot Sir,
Highly satisfied by the answer.
Thanks again.
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