Interest earned from the savings salary account during the fy 2012-13 is Rs 32,342.73 is taxable for caluculating tax
PMA Nooruddin
(M.Com, Finance Manager)
(422 Points)
Replied 01 August 2013
Yatrik Jobanputra
(CA Final Student)
(170 Points)
Replied 01 August 2013
Hello,
For the F.Y. 2012-13 you can take deduction u/s 80TTA for Interest income earned from Savings Bank Account upto Rs. 10,000/- .
Regards,
Yatrik Jobanputra
CAclubindia
