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regarding KVP interest

Tax queries 1012 views 1 replies

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

Replies (1)

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


CCI Pro

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