Interest on Post Office Saving Scheme

HI Devendra,

Interest earned under following schemes have been exempted from TDS but interest will remain taxable

Post Office Recurring Deposit Account

   2. Post Office Time Deposit Account (1 year, 2 years, 3 years and 5 years)

   3. Post Office Monthly Income Account

   4. Kisan Vikas Patras

   5. National Savings Certificates (VIII Issue)

   6. Indira Vikas Patras

        Notification : No. SO 72(E), dated 24-1-1992.

Notified schemes under section 194A(3)(vi):

(1) The Scheme of Post Office (Time Deposits) governed by the Post Office (Time Deposits) Rules, 1970.

(2) The Scheme of Post Office (Recurring Deposits) governed by the Post Office (Recurring Deposits) Rules, 1970—Notification : No. SO 2878, dated 1-9-1970.

(3) Investment Deposit Account Scheme, 1986—Notification : No. SO 4247, dated 11-12-1986.

Notified certificates :

Table

Notification : No. SO 2703, dated 1-9-1990.

TDS is not attracted as rightly said by amir sir............