Interest earned from Cumulative Time-Deposit-Exemption from income-tax-Clarification regarding-Section 10(15)(ii) of the Income-tax Act, 1961

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..... on 10(15)(ii) of the Income-tax Act, 1961, provides for exemption from tax in respect of interest on various specified securities, interest on deposits in Post Office Savings Banks and bonus in respect of deposits under the Post Office Savings Bank (Cumulative Time Deposits) Rules, 1959. 2. The Board have considered a reference on the eligibility of interest received under Post Office Savings Ba .....

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