Dear All,
Whether PRINCIPAL & Interest on Tax Saver FD at the time of maturity is taxable?
Thanks in advance.
Baskar
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Tax treatment during tax saver fd maturity
Replies (3)
Dear baskar please read on the document provided to you and if you are asking for investments purpose than you can chek it on the internet site of the respective saver fds. Usually principal amount is non taxable and for interest please confirm it by the documents.
Principal is not taxable. Interest is taxable.
Dear Baskar......Principal Amount won't be taxable at the time of maturity....but interest is taxable on accrual basis every year....
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