4 Tax Tricks to Handle Savings Deposits
2. Amount of deduction
The limit of the proposed deduction is till 
10,000 in a year, that is the interest earned till this amount will not be deducted. Hence any amount up to this figure or even lower than that will be beneficiary of the scheme. Which means, if you are earning a less amount, for example 8,000 as interest, then it will not be taxed.
