Savings Account Interest

interest income from bank is taxable

It is taxable under the head Income from other sources.

Yes, under income from other sources

interest received from saving a/c is not your business so it is taxable under the head of income from other sources

Savings Bank Interest was allowed as a deduction u/s. 80L before 4-5 years, subject to a maximum ceiling. Since last 4-5 years Section 80L has been abolished and hence any interest received from bank (SB interest or FDR interest) is taxable under the head "Income from Other Sources".

SANDEEP KESWANI.

Mr.Sandeep Keswani is righ........

Yes Saving Bank Interst is Taxable and is also allowable for Expetion u/s 80C

savings bank interest is taxable as income from other souces. there is no deduction.

no

Yes  it is taxable

IT IS FULLY TAXABLE INCOME &  TAXABLE UNDER INCOME HEAD OF INCOME FROM OTHER SOURCES

of course its taxable...

yes it is taxable under incom from other sources

Yes,it is taxable under head Income From Other Sources.