Incometax e-filing

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retired sr manager
22 Points Posted on 11 June 2016

1) Under what section the interest earned in SB acs maintained with banks, exempted upto Rs-10,000/-

2) For housing loan repayment towards principal, earlier there used to be a monthly ceiling of Rs-10,000/- in addition to overall ceiling of Sec 80 C. Is this sub-limit of Rs-10,000/- still exists ?

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On 11 June 2016 at 12:17 Report
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Chartered Accountant
1575 Points Posted on 11 June 2016
Dear sir, answer to your queries is as follows;
1) U/s 80TTA you can claim exemption on interest earned in SB accounts with banks.
2) No such limit exists now, for principal repayment of housing loan ceiling u/s 80C alone shall apply.
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On 11 June 2016 at 13:59

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