Savings and Fixed Deposit are taxable

Dear Asish ,Interest earned form savings bank will be taxable and will be included in ur Total income ,while FD interest will be also taxable if it is not for 5years or above which is currently comes under 80c for exemption upto 1lac .

Yes Ashish,interest earned from the savings bank and from Fixed deposit, both will be  taxable .

Thanks for answering, then why govt. made a rule till Rs 10000/- bank doesn't deduct TDS. they can increase this limit to 1 lac too... because we have to give a tax from this way or that way.

when FD mature and amount rec , then FD principle amount taxable or not ?