Menu
what is the tax rate for interest income.
Sir, My friend invested Rs.10 lakh in a private construction co. receiving Rs.210000. interest per annum. what is the tax liability for him. please advice.
Replies (4)
TDS will be deducted @ 10% under section 194 A of the income tax act 1961 , Threshold limit is 5000/- for other than banking company .
Yes, in addition to above; the interest income will be added to his other incomes and will be taxed at slab rate.
it will be taxable according to slab rates
Yes... Ofcourse i agree
Recent Topics :
- NSFA(National Food Security Act) commission
- RCM applicability on petty GTA freight (₹450
- Short payment reccieved in export & GST implic
- Parag Gupta vs Purushottam Aggarwal- who is best f
- GST applicability on own-vehicle goods transportat
- FAST DS Scheme 26
- 12A registration expired in FY 22-23 and is not re
- Seeking Clarification on Business Code Selection a
- CG on property sold after construction of a house
- Nursing Home Taxability
Related Topics :
Featured
12 September 2026
Assistant Manager - Finance & Compliance
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Featured
11 September 2026
Audit Executive
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
ARTICLESHIP
21 September 2026
CA Article Assistant
KK & Company Chartered Accountant
Pune
CA Inter
View Details
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER
Anupam Parashar & Co.
Ghaziabad
CA Final
View Details
CCI
Pro
CAclubindia
