Easy Office
LCI Learning

Interest on bank deposits

This query is : Resolved 
Profile Image

Profile Image

(Querist)
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?
Profile Image

Ratan Sharma

Profile Image

Ratan Sharma (Expert)
25 September 2009 Interest on saving bank account as well as Bank FD is fully chargeable to tax. There is no limit.
Profile Image

CA CHINTAN AJMERA

Profile Image

CA CHINTAN AJMERA (Expert)
25 September 2009 Agree
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

SUBRAMONY V

Profile Image

SUBRAMONY V (Expert)
25 September 2009 section 80 L was removed years back and now all interest are chargeable to tax
Profile Image

Sreedhar Atchutuni ACA,GradCWA

Profile Image

Sreedhar Atchutuni ACA,GradCWA (Expert)
25 September 2009 Interest on SB and FD is fully taxable.
Profile Image

Karen

Profile Image

Karen (Querist)
25 September 2009 U mean to say the limit of 15000 is now done away with?
Profile Image

Ratan Sharma

Profile Image

Ratan Sharma (Expert)
25 September 2009 yes

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links