Interest on rd ( post office)

interest on Rd is Taxable

Interest on Saving Bank in post office exempted up to 3500 or 7000. But in case of interest on rd its taxable

No tax benefit are available for Interest in recurring deposist of Poat office

Interest on RD with Post Office is fully taxable and it would come under the head Income from other sources and taxed accordingly.

Interest on RD from Post Office is fully taxable u/h "Income from Other Sources". Moreover, neither TDS is applicable nor deduction u/s-80TTA is available on RD Account.

Dear  all

Any RD is taxable under head of  Income from other source.

RD Amount taxfree and Interest Taxable under head IFOS.

"ERROR IN HIDDEN MODULE: MODULE 3"

The above massage is shown when i open any ITR why ?

What is the solution?

Dear Neetu,

Interest on RD is taxable as all others have rightly said. But it is taxable year to year on accrual basis. It will also reduce the heavy burden in the year of maturity of the RD when the entire interest is received.

Intersest on recurring Deposit is taxable under "Other Sources". Niether dedcution u/s 80TTA or any other deductions under chap VIA is avaialable on the RD interest