sir the query is this .. if i hav sum amount example rs. 1lakh in my savings account so what will be the interest i receive on tht n can the interest be withdrawn evry month ??
and how much will be the amount taxable on the interest ??
and what are all the necessary form's we need to file for this ??
Menu
Issue regarding interest income tax
Replies (1)
Normally, saving account interest rates vary from 3% to 7% p.a. depending on the bank where you maintain your saving account. The amount of interest is credited quarterly to your account.
Saving account interest is exempted from taxation u/s 80TTA upto certain limit specified in the section.
No form required to be filed if your interest income in below Rs. 10000/-
Recent Topics :
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
- Sell of CAFC books
- ITC ON RENT
Related Topics :
CAclubindia
