Interest on RD

Prashant Damushte (Asst Manager Accounts) (31 Points)

21 January 2010  

Can anyone pls guide me if interest on RD with post office Or bank is exempt from tax. If not whether TDS is deducted from it & what is the limit for deduction of TDS? Does interest on RD is added to taxable income of individual & whether same is allowed as deduction from Taxable income?

Regards

Prashant