https://www.taxtmi.com/manuals?id=909 Deduction is available in respect of interest on deposits in a savings account, excluding time deposits, to an individual other than a senior citizen and to a Hindu undivided family, subject to the conditions specified for eligible deposits. The interest must arise from deposits with a banking company, a co-operative society engaged in banking, or a Post Office, and the deduction is confined to the interest component up to the prescribed maximum amount per assessee. No deduction is allowable where the deposit is held by, or on behalf of, a firm, an association of persons, or a body of individuals. en-us Wed, 12 Aug 2015 18:37:00 +0530 Tue, 07 Jul 2026 14:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=909 Deduction is available in respect of interest on deposits in a savings account, excluding time deposits, to an individual other than a senior citizen and to a Hindu undivided family, subject to the conditions specified for eligible deposits. The interest must arise from deposits with a banking company, a co-operative society engaged in banking, or a Post Office, and the deduction is confined to the interest component up to the prescribed maximum amount per assessee. No deduction is allowable where the deposit is held by, or on behalf of, a firm, an association of persons, or a body of individuals. Manuals Income Tax Wed, 12 Aug 2015 18:37:00 +0530 https://www.taxtmi.com/manuals?id=909