- per year

Posted: 11 Jun 2011 09:20 PM PDT

Govt has capped the exemption given on Post office saving Bank account to Rs 3500/- for individual account and Rs 7000/- on Joint account per annum . Earlier interest form post office saving Bank was exempted fully. It is important to mention here that Interest from normal saving Bank account opened in banks is fully taxable NOTIFICATION NO. 32/2011 ([F.No.173/13/2011-ITA.I] /S.O.1296(E)DATED...

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