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109 Points Posted on 01 August 2013

Interest earned from the savings salary account during the fy 2012-13 is Rs 32,342.73 is taxable for caluculating tax

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On 01 August 2013 at 10:15 Report
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M.Com Finance Manager
422 Points Posted on 01 August 2013
yes interest income on savings account above 10000 is taxable
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On 01 August 2013 at 10:21
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CA Final Student
170 Points Posted on 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

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On 01 August 2013 at 10:34

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