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FD interest tax liability
I have 27000 interest income on my FD ,that income total chargeable under other sources head ,otherwise after deduction u/s 80TTA.
Replies (2)
No deduction u/s. 80TTA over FD interest income........
Total interest received over FD is taxable u/h 'IFOS'
Deduction u/s 80TTA is applicable only for savings bank interest.
Interest on FD is fully taxable, for persons other than senior citizens.
Senior citizens can claim deduction u/s 80TTB
Interest on FD is fully taxable, for persons other than senior citizens.
Senior citizens can claim deduction u/s 80TTB
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