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income earned from interest.

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11 Points Posted on 03 February 2019
income earned from interest of saving account & fixed deposited are different. What are their exemption limit in both cases in F.Y.2018-19.
kindly discuss brief.
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On 03 February 2019 at 20:30 Report
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Assistant Professor
571 Points Posted on 03 February 2019
interest on saving account is exempted upto rs 10000 u/s 80TTA and No TDS on saving bank account intrest same upto rs 10000
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On 03 February 2019 at 21:50
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CA FINAL ASPIRANT
3115 Points Posted on 04 February 2019
as per section 80TTA ..interest of saving account upto 10000 is allowed as deduction..
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On 04 February 2019 at 01:56
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11 Points Posted on 05 February 2019
ok sir, what are the tax exemption limit in interest earn from fixed deposited. Is it calculate on due basic or paid bssic?
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On 05 February 2019 at 17:41
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34 Points Posted on 05 February 2019

Didn't they change that 10,000 limit to 40,000 in the recent budget? 

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On 05 February 2019 at 19:43


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