Income from mutual fund

NARESH Kumar RATERIA (B.Com) (49 Points)

30 September 2016  

"A" has made an investment in Mutual Fund on 13.09.2013 under Fixed Term Income Fund. The same is matured on 15.09.2016 i.e. 3 year 2 days. "A" has earned some net amount on his investment.

What is the treatment of this income to be taken under Income Tax ? Also, Please under which section & rule of Income Tax law it will be either taxable or exempted.