Earn Tax-Free Income Of Up To Rs 7,000 From A Post Office Savings Account
Last Update Date: 06-10-2026
Published by Outlook Money
Abhishek Kumar's role: Quoted
Abhishek Kumar explained that no special declaration is needed but statements should be kept as proof, and that the exempt interest should be shown in Schedule EI of the tax return.
More of Abhishek's views on saving and deposits
The article explains that interest earned in a savings account with the post office is tax-exempt up to a limit under both the old and new tax regimes. It sets out the ₹3,500 and ₹7,000 limits for single and joint accounts, how this differs from the 80TTA and 80TTB deductions, and how to report it in the ITR.
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Earn Tax-Free Income Of Up To Rs 7,000 From A Post Office Savings Account