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Posted by:
Arihant Expert
04-02-2010 19:19 |
Re: Is the interest on Fixed Deposits taxabl
Interest on fixed depsoits is TAXABLE at your marginal tax rate. The interest earned is added to your regular income under the head “other income”. Tax on the interest earned is deducted at source (TDS). However, if the interest earned is less than Rs. 10,000 then there is no TDS. And if your income falls below the taxable limit, then you can use a form 15H to request exemption. In case you need more details, you can contact us on: contactus@arihantcapital.com
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Posted by:
Rajesh Damani
25-03-2010 22:00 |
Re: Re: Is the interest on Fixed Deposits taxabl
interest on FD is ure income and always taxable
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