MIS Bonus

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Is bonus received on maturity or withdrawal of Monthly Income Scheme (MIS) taxable???

Replies (2)

Yes it is taxable under the head " INCOME FROM OTHER SOURCES" as Bonus received on maturity of post office Monthly Income Scheme.

dear sagar

bonus amount received on maturity is taxable and u will be liable to pay tax on that.

regards

tarun rustagi


CCI Pro

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