4 Tax Tricks to Handle Savings Deposits
Tuesday, 10 April 2012, 01:39 IST
By SiliconIndia
By SiliconIndia
2. Amount of deduction
The limit of the proposed deduction is till Rs.10,000 in a year, that is the interest earned till this amount will not be deducted. Hence any amount up to this figure or even lower than that will be beneficiary of the scheme. Which means, if you are earning a less amount, for example Rs.8,000 as interest, then it will not be taxed.
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