16 February 2014
Dear Sir, Suppose i have made an FD with XYZ bank for the period of 01 year say in the middle of the year on sept 2013. the interest to be deposited for that particular fd is yearly basis and it is to be deposited into my savings acc. then whether for the tax assessment for the year 2013-14 the interest earned on this fd is taxable? if this is taxable then what is the interest how do i know what is the exact taxable amount? whether the accrued interest is applicable in this case? from the period sept 13 to march 14? Kindly reply. ARG
17 February 2014
Check your 26AS. From there you will get the amount of interest and TDS deducted thereon. Also you can get the figure from form 16A. You can also request bank to provide you interest certificate.
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