Interest on bank deposits
This query is : Resolved
24 September 2009
Is interest income on S/B accounts exempt from tax in the current AY or is there a limit?
Is interest income on Bank FDs exempt from tax in the current AY?
Is interest income on Bank FDs exempt from tax in the current AY?
25 September 2009
Interest on saving bank account as well as Bank FD is fully chargeable to tax. There is no limit.
25 September 2009
Agree
25 September 2009
section 80 L was removed years back and now all interest are chargeable to tax
25 September 2009
Interest on SB and FD is fully taxable.
25 September 2009
U mean to say the limit of 15000 is now done away with?
25 September 2009
yes
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