Post office savings interest
Anjali Khatri (46 Points)
05 August 2020
If the income from post office savings from 2 branches i.e. 20000 and 10000 can I claim 3500/- u/s 10(15) twice???
1 Replies
Yudhishthir Sharma
(Article)
(207 Points)
Replied 05 August 2020
The exemption to interest on post office saving up to Rs. 3500 for individual account and Rs. 7000 in the case of joint account.
so, as per provision, if you have joint account than you claim exemption for Rs. 7000 otherwise you claim Rs.3500 only.
so, as per provision, if you have joint account than you claim exemption for Rs. 7000 otherwise you claim Rs.3500 only.
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