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.
4 Replies
Pratik Surve
(Assistant Professor )
(571 Points)
Replied 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
PUSHP KUMAR SAHU
(CA FINAL ASPIRANT)
(3115 Points)
Replied 04 February 2019
as per section 80TTA ..interest of saving account upto 10000 is allowed as deduction..
bhismadev pandey
(11 Points)
Replied 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?
Qiana Johnson
(34 Points)
Replied 05 February 2019
Didn't they change that 10,000 limit to 40,000 in the recent budget?
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