if one assessee earns Rs. 27149 as post office saving bank interest....and he has profit of 450000...
then what would be tax treatment of interest from post office
|
Interest income from post office savings account |
27149 |
|
Less: Exempt u/s 10(15)(i) [N.N. 32/2011, dated 03.06.2011] |
3500 (in case of individual a/c) |
|
Gross taxable |
23649 |
|
Less: Deduction u/s 80TTA (subject to maximum 10k incl. other savings accounts as well) |
10000 |
|
Net taxable |
13649 |
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