Taxability of interest


This query is : Open 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
20 August 2016 Dear Seniors, in FY 2015-16 i have received interest from FDR Rs. 65498/- and Rs. 13768/- from post office on saving account, pls tell me..1) weather 10000 interest on FDR will be counted exempt and rest of 55498 taxable or full interest be taxable...2) weather interest received on post saving account is fully exempt or fully taxable, Rrgard Vijay

20 August 2016 Dear Vijay, Interest on FD is fully taxable. The interest on postal saving is exempt up to rs.10000/- thereafter taxable

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
21 August 2016 sir, i have received interest Rs. 13768 from post office saving account. that means 10000 is exempt and rest 3768 is taxable.. right,

21 August 2016 yes that is correct.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details