Yes Saving Bank Interst is Taxable and is also allowable for Expetion u/s 80C
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Savings Account Interest
| Originally posted by : jay prakash heerwal | ||
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Yes Saving Bank Interst is Taxable and is also allowable for Expetion u/s 80C |
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It is TAxable but many people dont show it in their return and Department is less concerned regarding evasion of interest u/s 80L
yes fully taxable if you have saving account with bank, incase if you have savings account with post office, then Rs.3500/- is exempted from tax as per notification no:32 dated 03/06/2011
- ashok
I have shown bank saving a/c interest ( around 2500 INR) as interest in return of 2011-12. since I m a salaried person, and TDS is deducted from my salary.
How to pay remaining Incom tax around INR 200/- ( arised due to bank interest) now.
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