Tax Applicability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 February 2010
Pl tell me the Tax Applicability of the
Interest on Amt Deposited in bank Under tax saving Scheme ( under Sec 80 C)
Interest on Amt Deposited in bank Under tax saving Scheme ( under Sec 80 C)
03 February 2010
It will be taxed as the interest income in other sources of income. Tax saving scheme doesn't affects its taxability.
03 February 2010
agree,Interst earned is taxable
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