Filing interest earned with Income Tax

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..... Filing interest earned with Income Tax
Query (Issue) Started By: - Darin New Dated:- 26-7-2018 Last Reply Date:- 26-7-2018 Income Tax
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Income Tax
Hi, I have an ICICI savings b .....

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..... ank account and earned an interest of ₹ 153759.00 for FY 2017-2018. When I used ClearTax and input the interest amount, it says Tax due amount is ₹ 48000.00. Is this plausible? Also, I ha .....

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..... ve a Recurring Deposit. Do I need to declare the interest earned for RD as well while tax filing since RD interest have TDS? Thanks, Darin Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: IN respect .....

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..... of interest on savings bank account exemption is only for ₹ 10,000/-, Therefore interest is payable for the balance interest amount. In respect of RD interest bank may deduct TDS on interest o .....

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..... n accrual basis. If it is deducted in such a way you have to declare the interest on RD and pay the balance amount of tax.
Discussion Forum - Knowledge Sharing .....

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