Taxation of interest income from post office savings bank

Basab Chakrabarty (Treasury) (30 Points)

22 January 2017  
I understand that interest income from Savings bank account is tax exempt upto Rs. 10000 per annum u/s 80 TTA of the Income Tax Act. Please advise whether interest income from Post Office savings bank a/c would also be tax exempt upto the same amount u/s 80TTA. If not, please advise on the taxation of interest income from saving bank account in PostBank