exam... urgent please.....!!!

hai dude..9.5% is given exemption..

No its 8.5 %. It is applicable for may 2010. And m preety sure about it, dont think anymore about 9.5%

i think people must be proprely awared about the query before posting there answer, it may misguide anyone

Upto 31/08/2010 ----- 9.5% is exempt & from 1/9/2010 ----- 8.5% is exempt.

U will have to consider both in your quest.

w.e.f from 1.9.2010 its 8.5% p.a .. 

Originally posted by : G.N.JHA
	Hey u all are confused me . . . Now which rate is apllicable?? Suppose total intt. Rs12000 recd. @ 12 cent i.e. Exmption allowed upto Rs. 8917. Is i m right??

in the above case the exemption will be 8500 n the bal of 3500(12000 - 8500) will be taxable in the hands of employee...

yes 8.5% for year... but if the same interest was received in 2010-2011 then the exempt amt will be 9.5%till 31.08.2010 n there after 8.5%... thus if the above question is related to 2010-2011 then the amt of exempt will be 8916 (3958 + 4958)...

the amt 3958 came by applying (9500 X 5) / 12

the amt 4958 came by applying (8500 X 7) / 12

hey can  any one provide me ca final costing notes in hindi plz its urgesnt my mail id is chetanloknathka @ gmail.com                    plz its urgent