Savings Bank A/c. Interest Taxable or Not?

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January 8, 2013 at 8:20 am #68367

Anonymous
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: Welcome to this forum and thank you for sharing the information.
I would really appreciate if you actively participate and help us to solve our queries here.

January 8, 2013 at 12:54 pm #76315

Anonymous
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Tax Exemption : For FY 2012-13 : Interest earned upto Rs 10,000 in saving bank accounts has been exempted from Tax. However, interest income from other kind of deposits (like from term deposits / fixed deposits / recurring deposits ) are not now exempted from tax. [A few years back interest income upto Rs.12,000/- per year was exempted under Section 80L of the Income Tax Act].
For more: http://www.allbankingsolutions.com/Top-Topics/DEPSUB3.shtml

February 13, 2013 at 3:31 pm #76914

Anonymous
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Exemption U/S 80TTA from 2012-13 FY

February 13, 2013 at 3:51 pm #76916

Anonymous
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Dear Maity,
Please explain about Exemption U/S 80TTA, I want to learn about it.

February 14, 2013 at 3:54 am #76920

Anonymous
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You may also see the post from the following link: https://wbxpress.com/topic/non-taxable-income/

February 25, 2013 at 5:40 pm #77055

Anonymous
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i agree with Torkona

April 8, 2013 at 10:04 am #77680

Anonymous
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Dear Maity,
Please explain about Exemption U/S 80TTA, I want to learn about it.

Here you go… simplest 80TTA explanation
http://www.indiantaxupdates.com/2013/01/30/section-80tta-deduction-on-interest-on-savings-bank-account/

September 18, 2013 at 4:04 pm #78682

Anonymous
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THe process of deduction for HOUSE RENT, LOANS, OTHER DEPOSITS are necessary.
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