80c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 September 2011
Respected Sirs
I WANT TO MAKE FDR FOR 5 YEARS FOR BENEFIT U/S 80C.
MY QUESTION IS:
AFTER MATURING
INTEREST INCOME IS TAXABLE OR NOT ?
I WANT TO MAKE FDR FOR 5 YEARS FOR BENEFIT U/S 80C.
MY QUESTION IS:
AFTER MATURING
INTEREST INCOME IS TAXABLE OR NOT ?
Hari Beldona
(Expert)
07 September 2011
The interest earned on a tax saving FD is not tax free. It is fully taxable, just like the interest earned on a regular FD.
Mihir Doshi
(Expert)
07 September 2011
agreed with expert
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