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Interest income - direct tax

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(Querist)
01 April 2016 1Q. How is interest income taxed?

Q2. What is the withholding tax rate on interest payments to foreign recipients?

Q3. Is interest expense treated as a tax-deductible expense?
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venkata krishna reddy

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venkata krishna reddy (Expert)
05 April 2016 1.Tax must be paid by investors who receive interest income from their bonds, mutual funds, certificate of deposits (CDs) and demand deposit accounts. Some interest is fully taxable, while other forms are partially taxable.

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