Fdr interest

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Querist : Anonymous

Querist : Anonymous (Querist)

30 September 2016 Dear Experts,
Please let me know weather interest received by way of FDR is exempt upto 10000 or not,

Thanks,
Vivek

CA SAGAR M. AHUJA (Expert)
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30 September 2016 No, Only Saving Bank interest and it is also not an exempt but it allowed as deduction Under section 80TTA upto 10000
Thanks.

Querist : Anonymous

Querist : Anonymous (Querist)

30 September 2016 sir that means FDR interest is taxable even from single rupees

CA SAGAR M. AHUJA (Expert)
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30 September 2016 Yes It Is Taxable From Rs. 1
Thanks.

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