Income tax on interest of saving bank account

Does income earned as interest more then 10,000 Rs from saving bank account (4% rate of interest in running account) is taxable? This is not a fixed deposit or RD. Pl. guide me regarding the matter who has good information.. more  

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I feel the issue is unnecessarily dragged.Already the question is answered perfectly in the past more  
If interest is less than 10000 this is not to be added. more  
It means same. any amount of interest above 10000 needs to be added. Or you add total and take out 10000. more  
Mr. Manak Chand Nahar, that's exactly what I mean. There is nothing to disagree. I've clarified that the amt. in excess of Rs.10,000/- paid/accrued during the financial year only will be taxable, as sought. I've not tried to explain how it is computed in the tax return. Hope u do concur with me now. more  
For Sr Citizen limit 3 lakh only more  
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