Sentences with phrase «deduction on bank deposits»

Not exact matches

Dear Ramadoss ji, I believe that the Interest income earned on Fixed Deposits & Recurring Deposits (Banks / Post office schemes) only are qualified for the tax deduction u / s 80TTB.

Deduction from gross total income of an individual or HUF, up to a maximum of Rs. 10,000 / -, in respect of interest on deposits in savings account with a bank, co-operative society or post office can be claimed under this section.

Just like bank fixed deposits, post office time deposits are also a great way to invest money and get relaxation on tax deduction under section 80C.

Work activities usually seen on a Payroll Officer resume include issuing payroll checks, making deposits to employee bank accounts, using accounting software, keeping track of aspects like commissions and deductions, taking into account vacation time and personal leaves, adhering to company payroll procedures, and maintaining payroll operations confidentiality.