if the interest income on Saving
account of 10000 or more
with the banking company or post office then it is required to deduct tax u/s194a @ 10% on such interest
income ???
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tax deducted at source
Replies (2)
TDS is not deducted from your earnings but you do have to pay tax over the limit of Rs. 10000. You will have to pay tax on the remaining amount over and above Rs 10,000.you will get the deduction under section TTA.
Yes it is correct poonam Lohiya you have to pay a remaining amount above 10000₹ In section 80TTA .
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