what is d tax rate on interest income from bank for an individual assessee for the assessment year 2010-11?
whether special rate is or normal rate (slab rate ) is applicable for it ?
plez guide me on this !!!!!!!!
thanking u
Pragati Pasayat ( B.COM.(A/c)(H) IPCC) (292 Points)
25 June 2010what is d tax rate on interest income from bank for an individual assessee for the assessment year 2010-11?
whether special rate is or normal rate (slab rate ) is applicable for it ?
plez guide me on this !!!!!!!!
thanking u
Shudhanshu Agrawal
(Business)
(2570 Points)
Replied 25 June 2010
Bank interest is added in Income from other sources and taxable according to slab. No special rate is there. Only TDS can be deducted by bank @ 10%
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