Balaji Subbu (SAP FICO) (220 Points)
05 October 2016Dear Professional Friends
I am Salaried Empolyee Rs6L pa for 2016-2017 & I will get interest income from my Fixed Deposit Rs6000 for 2016-2017
My Question is:
FD interest income Rs6K will attract income tax or not?
Please clarify
Adv Thanks
Cheers
Balaji Subbu
CA Aman kesharwani
(Practice)
(159 Points)
Replied 05 October 2016
Dear,
Your Fd income will attract income tax, since your earning is > 2.5 lacs (Max Slab).
CA. sanjeet Kumar Ojha
(Chartered Accountant)
(272 Points)
Replied 05 October 2016
SUNEEL KUMAR
(Sr. Accounts & Finance Executive)
(163 Points)
Replied 06 October 2016
Mukesh Kumar
(Accounts Manager)
(1466 Points)
Replied 06 October 2016
AGREE WITH ABOVE ALL FREINDS
YOU SHOULD INCLUDE YOU FD INTEREST IN TOTAL INOCME AS INCOME HEAD -INCOME FROM OTHERS SOURIES
IT IS YOUR FAVOURBLE IN FUTURE
Poornima
(Article student)
(26 Points)
Replied 06 October 2016
Interest from Fixed deposit will be exempted from TDS. if the interest amount doesnt exceed 10,000/-. However you have to include it in your Total Income and Pay tax accordingly
CAclubindia
