How to get exemptions of interest on deposits for sr.citzen

jraju (Others) (283 Points)

05 August 2014  

Hi, Hope that this atleast get posted.

                        From the forum postings and answers, i learnt that FD interest is totally taxable, and only interest on Saving banks account is exempted for tax purposes. But i still hear that Banks are allowing an amount of Rs. 10000 amount in FD deposits for this year.is it correct

                        If one fails to adhere to the date of submission of itr form, what are the alternatives one have.