Question

Maximum limit of interest exemption on individual account in post office saving account is

a.      2500

b.     3500

c.       4500

d.      whole amount​

Answer 1

Answer:

May be I think option (d) is correct.

(d) whole amount.

Currently, the interest from post office saving bank account is 1st taxable under income from other sources and then eligible for deduction u/s 80TTA upto Rs 10,000 for person other than senior citizen and deduction u/s 80TTB upto Rs 50,000 alongwith other saving bank account interest.

I Hope it helps you ☺️

Answer 2

Answer:

Currently, the interest from post office saving bank account is 1st taxable under income from other sources and then eligible for deduction u/s 80TTA upto Rs 10,000 for person other than senior citizen and deduction u/s 80TTB upto Rs 50,000 alongwith other saving bank account interest.

Explanation:

Hope my answer helped you