Under tax slap
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 June 2012
Dear All,
My Income come under Income tax slap so in what manner i can say tax.
If i do fixed deposit for the 5 years for rs.1 lac. after the maturity the amount which i will recd on that i have to pay tax on that
Please suggest me...
thank you
My Income come under Income tax slap so in what manner i can say tax.
If i do fixed deposit for the 5 years for rs.1 lac. after the maturity the amount which i will recd on that i have to pay tax on that
Please suggest me...
thank you
29 June 2012
You have to offer interest income for each year, year of maturity only the balance income will be taxable.
if your income is below taxable limit then no need of paying any tax, however you have to file return if gross total income exceeds maximum not chargeable to tax otherwise optional.
if your income is below taxable limit then no need of paying any tax, however you have to file return if gross total income exceeds maximum not chargeable to tax otherwise optional.
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