Income tax on rental and interest from FD
This query is : Resolved
Quick Summary
binu sukumaran
(Querist)
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
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
(Expert)
12 September 2025
1. No.
2. No; it is taxed as business income.
2. No; it is taxed as business income.
Message likes :
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Dhirajlal Rambhia
(Expert)
19 September 2025
Good Luck...
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