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Taxable income

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 September 2014 Dear Sir,
bank deducted tds on fd interest rs. 10858 on (54288*20%).
How much income should i take on income tax return either 54288+10858 = 65146 or 54288 only.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
20 September 2014 Rs 54288. You must have received Rs 43430 in your bank account.
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Querist : Anonymous

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Querist : Anonymous (Querist)
20 September 2014 i received rs. 54288 in my bank a/c.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
20 September 2014 then you need to add TDS amount to the amount received. the sum so arrived, shall be offered to tax as interest.

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