Is interest on saving account taxable?

 

Plz tell me whether the interest received on saving account is taxable or not? If yes under which head if ITR 4 is to be filed. Income from business is 287040/-, interest on saving account is 1258/-

Replies (3)

yes it is taxable u/h other sources...!

yes it is definetely taxable. i.e . it has to be added to total income

Thanks. Kindly tell me how to treat the amount withdrawn from ICICI pru pension policy and other ULIP plans. is this also taxable?

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