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interest income from FDR's
is a part of total income or not
Replies (5)
Hi,
Interest Income on FDR is always part of total income. However, if it is savings account interest then it is exempted upto a limit of 10K.
Hope this helps
Yes...
FD interest is calculate a Part of Total Income under the head of IFOS...
FD interest is calculate a Part of Total Income under the head of IFOS...
interest on fdr are taxable under the head income from other sources...u/s 56 ...saving bank interest is allowed to be as deducted upto 10000 INR u/s 80TTA
yes it is part of total income
Interest Income from Fixed Deposit will be Taxable Income except in Hands of Senior Citizens (Up to Rs. 50 k in aggregate of Interest from Saving, FD and RD) from FY 2018-19 own Wards
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