Interest on recurring deposit taxability

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ca final student
323 Points Posted on 22 July 2022

when interest on recurring deposit is credited after maturity at once or yearly or monthly of a monthly recurring deposit...?

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On 22 July 2022 at 10:45 Report
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This discussion clarifies the taxability of interest earned on Recurring Deposits (RDs). Interest on RDs is generally taxable if it exceeds a certain threshold limit. The tax is applied in the year the interest is received, which for RDs is typically calculated and paid out yearly, even if contributions are monthly.

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GST Practitioner & Accounts
15150 Points Posted on 22 July 2022
Yearly................
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On 22 July 2022 at 11:08
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ca final student
323 Points Posted on 22 July 2022

so it will get taxable in the year of receipt..?

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On 22 July 2022 at 11:10
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GST Practitioner & Accounts
15150 Points Posted on 22 July 2022
Interest earned on recurring deposite taxable, if cross threshold limit .
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On 22 July 2022 at 11:26

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