Free Jobs
Reference


Forums

C/C++ (1)

MainFrame (1)

JavaScript (1)

jQuery (1)

Linux (1)

iPhone (2)

Android (2)

MobileApps (1)

TechNews (4)

GeneralPost (17)

Excel (0)

Outlook (1)

SEO (0)

Other (1)





Topic: Is Interest earned on Fixed or Term Deposit is Taxable

To get the Posted Questions details daily in your mail Click Here

Share this Post on Facebook/Twitter/Orkut Bookmark and Share





User: manishav3388 Post Date: 15 Aug 2012 02:20

Introduction:
Is Interest earned on Fixed or Term Deposit is Taxable



Main Content:

Yes Interest earned on Fixed or Term Deposit is Taxable but conditionally as described below:


In case of FD The Tax is charged at 10.3% on the interest earned only if the interest


is more than Rs 10,000 in one finantial year.

This interest is deducted at source means tax on interest is deducted and the balance


is given back as maturity amount.

if the interest earned per year is less than Rs 10,000 then no interest is charged.

If you do not want to pay tax on interst go for PPF etc.


Conclusion:
Interest earned on Fixed or Term Deposit is Taxable but conditionally



About Writer:
hello,I am JAVA Developer from Noida.


Writer's Link: http://

Writer's Email:







Comments:
Post Comment





Similar Articles Top ArticlesLatest Articles Other Articles by this Author







www.freejobsreference.com Copyright © 2009-2011 | All Rights Reserved
All content of this website is protected by copyright laws and should not be reproduced in any form or by any means without written permission
(Best viewed in IE 8.0+ or Firefox 3.0+ at resolution of 1024 * 768 or higher)