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Tax treatment of post office rd interest

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(Querist)
23 December 2011 Mr. x had received a lumpsump amount through cheque in respect of post office r.d. contributed by him for past 10 years. the amount consists of both interest and principle.What will be treatment of tax for this?
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Rashmi Ranjan Patra

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Rashmi Ranjan Patra (Expert)
26 December 2011 TDS has to be deducted by post office on the interest portion @ 10% if the interest is greater than Rs.10000 according to section 194A of Income Tax act.
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Rachit jain

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Rachit jain (Querist)
27 December 2011 No tds has been deducted by post office. Is there any possibility that the interest received from post office could be exempted.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
20 July 2023 "Sorry, I am not a featured member."

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