80tta

Tax queries 454 views 10 replies
is there any total income restriction in case of 80tta?
Replies (10)

Yes, for AY 2017-18.......... the taxable income should not be more than Rs. 5,00,000/-.......... & max rebate available is Rs. 5,000/-

Sir I think that is for Rebate U/S 87-A. For 80 TTA there is no income limit as such.
Originally posted by : Dhirajlal Rambhia
Yes, for AY 2017-18.......... the taxable income should not be more than Rs. 5,00,000/-.......... & max rebate available is Rs. 5,000/-

Sir ji,

80TTA is for saving bank interest...

Thanks both of you for correcting me......... waiting for cup of coffee !!!!!

I rectify, for rebate u/s. 80TTA (in itself upto max limit Rs. 10,000/-) but no limit over saving account interest earned............

Thanks Dear......

Koi ni sir ji..

Bade bade logon se choti moti galati hoti rehti hai..laugh

No Dear........ not bade log....... but accept that mistake can happen by anyone, and I AM NOT EXCEPTION !!!

What I like here is, my friends get me rectify my mistake easily.....

Thanks for that........ everyone.......

but sir I asked about total income limit.not for intt income

No restriction .....

thank u very much
refer this link it will help you https://youtu.be/bTrhqjt1uw0


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