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Income tax on rental and interest from FD

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binu sukumaran

binu sukumaran (Querist)
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11 September 2025 Sir,
one of my friend has income during 25-26 is below
from rent 8,00,000
bank interest 12,00,000
partner salary 5,00,000
he is above 60 but below 80, and select new tax slab.
my doubt is
1. while compute income tax all income is effected tax slab .is there is any separate tax for bank interest
2. can get standard deduction 75,000 for partner salary
please advise

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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12 September 2025 1. No.
2. No; it is taxed as business income.

Message likes : 1 times

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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19 September 2025 Good Luck...

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