How Is Income From A Minor Child's Fixed Deposit Treated?

pro badge | Last updated: 06 August 2025

To build a secure future most of the parents start their investments in fixed deposits. As per the taxation in India the Minor income is clubbed with the income of the parent with the higher income. Who is a Minor Under Tax Law? As per the Income Tax Act,1961 a Minor is an individual who is below
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Poojitha Raam Vinay

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I simplify complex income tax, TDS, banking, and investment updates into practical insights for taxpayers, salaried professionals, pensioners, and senior citizens. I regularly write on ITR filing, tax compliance, savings schemes, and the latest financial rule changes in India.

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