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....posits in savings account. 80TTA. (1) Where the gross total income of an assessee, being an individual or a Hindu undivided family, includes any income by way of interest on deposits (not being time deposits) in a savings account with- (a) a banking company to which the Banking Regulation Act, 1949, (10 of ....
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.... of such income does not exceed in the aggregate ten thousand rupees, the whole of such amount; and (ii) in any other case, ten thousand rupees. (2) Where the income referred to in this section is derived from any deposit in a savings account held by, or on behalf of, a f....
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....ndividual or a Hindu undivided family, in respect of any income by way of interest on deposits (not being time deposits) in a savings account with - (i) a banking company to which the Banking Regulation Act, 1949, applies (including any bank or banking institution referred to in section 51 of that Act); (ii) a co-operative society engaged in carrying on the business of banking (including a c....
TaxTMI