l invested IN 5 YEARS RD IN 1.04.2012 . NOW THIS RD WILL MATURE ON 31.03
2017. WILL IT BE APPLICABLE IN INCOME TAX FOR AY:2017-18?
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QUERY ABOUT RD
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Tax Deducted at Source ( TDS ) is applicable on RDs. If interest earned on recurring deposits exceeds Rs. 10,000 a year, TDS at the rate of 10 per cent would be deducted by thebank. ... Investors with no taxable income will have to submit Form 15G to avoid TDS on both recurring deposits and fixed deposits.
depends upon your income. if your income is above slab rate then it is taxable. also note that if your bank had deducted any TDS or not in case non submission of 15G/H form. RD matured in 2017-18. check your slab of income.
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