In tax saving FD only interest is taxable or final amount?

As I understand, interest income alone is taxable as and when accrued.

Originally posted by : Poornima Madhava
	As I understand, interest income alone is taxable as and when accrued.

Hope it is correct. Thank you for the reply Ms. Poornima.

Only Interest is taxable.

Originally posted by : shailesh
	Only Interest is taxable.

Only interest, then it is great. Thank you for the information Shailesh.

Originally posted by : Vishal Varun
	only interest is taxable because fd is your investment and not your earning.and it will be part of income of other source.

It is income which we are investing into an FD, to save tax. Thank you for the reply Vishal.

5yrs Tax Saver FD invested Under 80C only amount invested is eligible for tax exemption. Interest is Taxable on accural basis every year and not at the end of 5 years.

VK

Originally posted by : CA. Vinodh Kothari
	5yrs Tax Saver FD invested Under 80C only amount invested is eligible for tax exemption. Interest is Taxable on accural basis every year and not at the end of 5 years.   VK

I wanted to ask this question too, is interest taxable every year? You have answered this question too.

Thank you very much for the information Mr. Vinodh.

agree with above

thanks & regards

ramanuj

Originally posted by : Ramanuj
	agree with above thanks & regards ramanuj

Thank you for the reply.

Originally posted by : CA. Vinodh Kothari
	yes interest is taxable every year subject to your total income is more than taxable limit.VK

Thank you for the information Mr. Vinodh.

It's only the interest portion under income from other sources

Originally posted by : Nihar Ranjan Rout
	It's only the interest portion under income from other sources

Thank you for the information Nihar.