Taxability of interest

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Querist : Anonymous

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

Kaushik Joshi

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

Querist : Anonymous

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,

Kaushik Joshi

Kaushik Joshi (Expert)
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21 August 2016 yes that is correct.

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