Sec 80tta deduction ( savings bank interest)

Tax planning 677 views 10 replies

Hi Friends

 

From AY 2013 - 14 onwards all individuals are eligible to claim his/her savings bank interest income restricted to Rs. 10,000/- as deduction u/s 80TTA of the Income tax act 1961. Kindly consider before making Computation.

Replies (10)
There are lot many assessees who even don't consider SB interest as income as income. This is one most apparent error.
Yes... SB interest amount can be shown as IFOS and it will deductible u/s 80tta Rs 10k max...
Declaration of SB interest income is mandatory. Deduction is subsequent matter.

It's mandatory for showing in ITR

Correct. same I stated 👍
Originally posted by : Kapadia Pravin
Correct. same I stated 👍

mmm kkk

😇😇. 😇
Originally posted by : Kapadia Pravin
There are lot many assessees who even don't consider SB interest as income as income. This is one most apparent error.

 

YOU ARE NOT SAY HERE THAT...

Originally posted by : RAJA P M
Yes... SB interest amount can be shown as IFOS and it will deductible u/s 80tta Rs 10k max...

 

I'M REPLIED THIS AS EARLIER... 

Very true. Great 👍
It's all clear from above posts


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