SAVING BANK INTEREST EXEMPT FROM TAX??????????
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saving bank interest
Replies (16)
NO..it is taxable as income from other sources.
No, unless it is covered by Section 10(15).
NO DEAR.............. INCOME FROM SAVING BANK INTEREST IS ALSO CHARGED FROM INCOME FROM OTHER SOURCES...................
Exemption Not allowed, Treated as income from other sources
FULLY TAXABLE.
REGARDS,
MANOJ
NO..it is taxable as income from other sources.
its income from other source. no particular exemption for interest on sb a/c.
It is fully taxable, under the head Income from other sources
fully taxable under the head income from Other Sources.
| Originally posted by : kishan | ||
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NO DEAR.............. INCOME FROM SAVING BANK INTEREST IS ALSO CHARGED FROM INCOME FROM OTHER SOURCES................... |
 |
Saving Bank interest is taxable under the head income from other sources.
Yes, Fully chargeable under the head of INcome from OTHER SOURCES !!!
Treated as income from other sources
fully taxable & added in total income of the assessee . banks deduct TDS autometically if interest received during the year is more that Rs. 10000.
otherwise the assessee should show the amount of interest in his return .
RSG
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