Managing interest income

Hi All,

As part of my retirement plan and in order to have adequate cash-flow , I have created few FDs in reputed Banks. I would like to have few tips to manage my interest income without leaving much for Income Tax.

I run a small startup. I would like to know, whether my income from FD interests can be treated as general income and show expenses against that to reduce taxable income ?

Appreciate any tips...

Thanks,

Krish