Savings bank interest and itr

ITR 2049 views 16 replies

Yes, what Mr. Rakesh Gupta & Vidya say, is correct. Interest earned by Individuals from Savings Account to the extent of Rs. 10, 000.00 is exempt from Income Tax w.e.f. this Financial Year 2012-13 (AY 2013-14)

Replies (16)

Yes, what Mr. Rakesh Gupta & Vidya say, is correct. Interest earned by Individuals from Savings Account to the extent of Rs. 10, 000.00 is exempt from Income Tax w.e.f. this Financial Year 2012-13 (AY 2013-14)

yes, under head IFOS.


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