Maturity valu recived from sahara india

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 November 2014 Sir
A government employee received sahara india rd maturity amount 37000 by cheqe deposite in salary a/c.
1 this income is add in income of the year. This income is exempted in any rules of IT deparatmemt. what tax paid for this income.advance tax paid in salary deduction for this income. tds paid office by TREUSURY SYSTEM. PLEASE GIVE SUGGESTION

CA Kumar Mukesh

CA Kumar Mukesh (Expert)
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01 December 2014 No exemption are provided for the same.

You have pay Income Tax on that income, if after claiming the TDS less than tax liability

Querist : Anonymous

Querist : Anonymous (Querist)

07 December 2014 DEAR SIR,
IN A SAHARA INDIA RD MATURITY AMOUNT RECIEVED THE PRINCIPAL AMOUNT IS 30000 AND THE TOTAL INTEREST AMOUNT IS RECIEVED 7000. WHAT AMOUNT ADD IN FY 2014-15 INCOME.ONLY INTEREST AMOUNT OR BOTH PRINCIPAL AND INTEREST AMOUNT. WHEN THE RD MONTHLY PAID IN MY SALARY AMOUNT.

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Querist : Anonymous

Querist : Anonymous (Querist)

07 December 2014 THE R.D. INTEREST AMOUNT IS EXMEPTED IN IT SECTION 80TTA