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Interest income exemption

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(Querist)
05 May 2010 please let me know whether there is any exemption for interes income from deposits in bank
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Rahul Gupta

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Rahul Gupta (Expert)
05 May 2010 No there is no exemption now, for Interest from Bank Deposits.
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kartik_somu

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kartik_somu (Expert)
05 May 2010 agree with expert
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CMA.Palani Arumugam

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CMA.Palani Arumugam (Expert)
05 May 2010 Yes. Taxable.
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Rakesh Surana

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Rakesh Surana (Expert)
05 May 2010 Intrest on Bank account is taxable.

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