Taxability of tax on saving bank intersest
This query is : Resolved
Patel Bhadresh
(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 ?
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 ?
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
(Querist)
09 January 2014
Thanks a lot Sir,
Highly satisfied by the answer.
Thanks again.
Highly satisfied by the answer.
Thanks again.
Message likes :
1 times
Patel Bhadresh
(Querist)
09 January 2014
Thanks a lot Sir,
Highly satisfied by the answer.
Thanks again.
Highly satisfied by the answer.
Thanks again.
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