TAXABILITY OF RECCURING DEPOSIT

Chahat Bansal (226 Points)

09 August 2020  
A person deposited Rs 5,000 every month for 5 Years in post office RD A/C.
Total sum deposited by him is 5000*12*5 =3,00,000
And on maturity he got 3,74,000
How this interest of 74,000 is taxable ?