Savings account

friends i have a doubt 

there is a deduction u/s 80TTA for interest earned on bank savings account and post office savings account upto 10,000. and also there is an exemption u/s 10(15)(I) for interest on post ofice savings account upto 3500 per persion.Then what my diubt is if an individual, earns 12000 as interest on post office savings account wheather he can get both 3500 as exemption and 10000 as deduction ?????

 

Replies (1)

Hi,

He can get an exemption u/s. 10(15) and also claim exemption u/s. 80TTA.

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