Taxability of interest
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 August 2016
Dear Seniors,
in FY 2015-16 i have received interest from FDR Rs. 65498/- and Rs. 13768/- from post office on saving account,
pls tell me..1) weather 10000 interest on FDR will be counted exempt and rest of 55498 taxable or full interest be taxable...2) weather interest received on post saving account is fully exempt or fully taxable,
Rrgard
Vijay
20 August 2016
Dear Vijay,
Interest on FD is fully taxable. The interest on postal saving is exempt up to rs.10000/- thereafter taxable
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 August 2016
sir,
i have received interest Rs. 13768 from post office saving account. that means 10000 is exempt and rest 3768 is taxable..
right,
21 August 2016
yes that is correct.
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