https://www.taxtmi.com/acts?id=15948 Section 80TTA inserts a deduction for interest on savings account deposits for individuals and Hindu undivided families, allowing the aggregate interest up to ten thousand rupees to be deducted (or the whole amount if it does not exceed that aggregate) where the deposits are with specified banks, cooperative banking societies or Post Offices. Deductions are disallowed where such deposits are held by or on behalf of firms, associations of persons or bodies of individuals. "Time deposits" are excluded. The amendment takes effect from 1 April, 2013. en-us Fri, 16 Mar 2012 14:56:28 +0530 Fri, 16 Mar 2012 17:36:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15948 Section 80TTA inserts a deduction for interest on savings account deposits for individuals and Hindu undivided families, allowing the aggregate interest up to ten thousand rupees to be deducted (or the whole amount if it does not exceed that aggregate) where the deposits are with specified banks, cooperative banking societies or Post Offices. Deductions are disallowed where such deposits are held by or on behalf of firms, associations of persons or bodies of individuals. "Time deposits" are excluded. The amendment takes effect from 1 April, 2013. Act-Rules Bills Fri, 16 Mar 2012 14:56:28 +0530 https://www.taxtmi.com/acts?id=15948