ITR Filing 2025: Want To Claim Tax Exemptions On Interest Income? Here’s How You Can Do It
If you’re below 60 years of age, you can claim a deduction of up to Rs 10,000 on the interest earned from your savings bank account. This benefit is available to both individuals and Hindu Undivided Families (HUFs), but only under the old tax regime.
Sep 14, 2025, 08:43 AM IST
Your interest on savings account is taxable
Savings account is the most traditional form of investment in banking and other form of financial system, as it provides guaranteed return and security.
Jan 29, 2018, 12:02 PM IST