INCOME TAX TO BE PAID ON MATURITY PROCCEDS OF 10 YEAR RD"S IN POST OFFICE
This query is : Resolved
VIJAY D KULKARNI
(Querist)
12 July 2022
sir, one of my client who is 78 years old receives 10 year postal RD poceeds in fy 2021-2022 resulting in liability of paying higher amount of income tax. As such my query is whether he is liable to pay income tax on entire amount of RD interest portion or he will get any deduction/concession to avoid paying higher amount of income tax. pl advice.
vd kulkarni
pune.
vd kulkarni
pune.
Dhirajlal Rambhia
(Expert)
12 July 2022
How much TDS has been deducted? On what amount?
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