Please explaine Deduction in respect of interest on deposits in savings accounts U/s. S. 80TTA for the assesment year 2015-16. What amount should be deduct?
From India, Mehsana
Acknowledge(0)
Amend(0)
From India, Mehsana
Acknowledge(0)Amend(0)
Section 80TTA was introduced with effect from Assessment Year (A.Y.) 2013-14 to provide a deduction to an individual or a Hindu Undivided Family in respect of interest received on deposits (not being time deposits) in a savings account held with banks, cooperative banks, and the post office. The deduction is limited to Rs 10,000 or the actual interest received, whichever is lower.
Regards,
Ashish Thakkar
From India, Pune
Acknowledge(1)
Amend(0)
176Regards,
Ashish Thakkar
From India, Pune
Acknowledge(1)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Amendment in Section 192A of the IT Act, 1961- Instructions for deduction of TDS on withdrawal f.pdf
PMRPY-DEDUCTION -SOLUTION.xls