5/18/2023 0 Comments Taxact 2020 free download![]() There is no deduction for interest earned from fixed deposits. ![]() Section 80TTA of the Income Tax Act, 1961 provides a deduction of up to Rs 10,000 on the income earned from interest on savings made in a bank, co-operative society or post office. This article delves deeper into the details of Section 80TTA. Section 80TTA of the Income Tax Act, 1961 provides a deduction of Rs 10,000 on such interest income. However, you can save taxes on interest received up to Rs 10,000. We all have a savings bank account but most of us are not aware that the interest received is taxable under the head ‘Income from other sources. Benefits of invoicing software for small businessesĮver wondered how savings bank interest is taxed and if you could save the income tax on it?.Form 26AS – What is Form 26AS? View & Download Form 26AS Online. ![]() PM Kisan – Registration, Beneficiary Status Check, 13th Installment Updates.PAN Card Download – 4 Ways to Download e-PAN Card Online Via NSDL, UTIITSL, AADHAAR, and e-Filing Website.How to save tax when you miss the income tax proof submission deadline.Section 80G – Donations Eligible Under Section 80G and 80GGA – 80G Exemption List.Sukanya Samriddhi Yojana (SSY) – Interest Rate 2023, Tax Benefits, Eligibility, Bank List, Age Limit & Other Details.Sections 206AB and 206CCA of Income Tax: Analysis, Applicability and FAQs.EPFO Claim Status - EPF Claim Status Check Online.ITR U – What is ITR-U Form and How to File ITR-U.Best Technology Mutual Funds in India 2023.Income Tax Deductions under Sec 80 CCD(1B).Form 15G, Form 15H to Save TDS on Interest Income.House Rent Allowance (HRA) - What is House Rent Allowance, HRA Exemption And Tax Deduction.How to file ITR Online – Step by Step Guide to Efile Income Tax Return, FY 2021-22 (AY 2022-23).46th GST Council Meeting: Latest News, Highlights and Updates.47th GST Council meeting: Latest News, Highlights and Updates.Budget 2022 Highlights : PDF Download, Key Takeaways, Important Points.Budget 2023 Highlights: PDF Download, Key Takeaways, Important Points.
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