Deductions

Direct Taxation

Deductions ₹10,000 and interest earned or total income which amount less Video Details ------------- Income Tax Law - Free Modules Basic Concepts - Income Tax (Free) #8. Computation of Income

mohamed rafiq

CA Inter

★ 100

11-Nov-24 19:41

507

Answers (1)

Deductions under Chapter VIA cannot exceed total income. As per Section 80TTA, deduction for interest on savings bank account is interest or 10K whichever is lower.

Shiva Teja

Faculty

12-Nov-24 09:31