Interest on bank fd clarification needed
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 July 2013
Hi,
I am a salaried person.
So I know My financial years income.
Now I have bank fixed deposits interest paid at maturity for 2 years.
Opened on 1st july 2013-1st july 2015.
So while calculating income for other source should i calculate july 2013-march 2014's interest?(9 months)
If i found my salary income + this interest is not taxable can I submit 15G.
For finanacial yr 2014-15 should i calculate 12 mnths interest.
For financial yr 2015-2016 should i calculate 3 mnths interest (ie apr 2015, may 2015, june 2015) as interest from other source? It matures in 2015-2016 fy. on 1st july.
Please advise
I am a salaried person.
So I know My financial years income.
Now I have bank fixed deposits interest paid at maturity for 2 years.
Opened on 1st july 2013-1st july 2015.
So while calculating income for other source should i calculate july 2013-march 2014's interest?(9 months)
If i found my salary income + this interest is not taxable can I submit 15G.
For finanacial yr 2014-15 should i calculate 12 mnths interest.
For financial yr 2015-2016 should i calculate 3 mnths interest (ie apr 2015, may 2015, june 2015) as interest from other source? It matures in 2015-2016 fy. on 1st july.
Please advise
18 April 2017
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