Dear Sir,
I am a government employee and have purchased KVP of Rs. 300000/-(Three lacs) last year (i.e. Feb 09). I came to know that KVP interest is to be calculated on accrual basis every year and shown in Income from other sources. How do I calculate the interest on it for every year? Or can I leave it now and pay tax on maturity.
Kindly help me in this regard.
Regards,
Sumit
Dear Sumit
You can calculate Interest on KVP from the following link
https://southdelhicastudycircle.com/Defaulttheme1.aspx
just click on calculators than on KVP and calculate the Interest year wise
Regards
Aashish
YOGESH KAPOOR AND ASSOCIATES
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