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Post office recurring deposits

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Ashwin (Querist)
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31 July 2016 is interest earned on post office recurring deposits subject to taxable?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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31 July 2016 Taxable.......................

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Ashwin (Querist)
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31 July 2016 thank you sir

CA Amrita Chattopadhyay

CA Amrita Chattopadhyay (Expert)
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02 August 2016 Post office has assumed the status of bank, thus the recurring deposit is taxable income

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Ashwin (Querist)
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03 August 2016 Thank you Ma'am

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