whether 80 TTA can be claimed for
the monthly income from the scheme.
Menu
Monthly income scheme of post office
Replies (3)
If the scheme is post office savings account deduction can be claimed.
Section 80TTA provides a deduction of Rs 10,000 on interest income. This deduction is available to an Individual and HUF.
This deduction is allowed on interest earned –
- From a savings account with a bank
- From a savings account with a co-operative society carrying on the business of banking
- From a savings account with a post office
whether monthly income scheme falls under Savings account
Section 80TTA claims a deduction of 10000 INR on the interest income. This deduction is conceded on interest earned from a savings account with a bank. This deduction is available to HUF and an Individual. From a savings account with a co-operative society leading on the business of banking.
https://miscalculator.xyz/
Recent Topic
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
- My client missed to file ITR 3 for AY 25-26
- Subscription/Membership fees
- Inverted tax gst refund
- Mismatch of pincode and district while registering
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
Related Topics
CAclubindia
