4 responses

  1. suchithra S
    May 26, 2012

    If your income comes in taxable limit it is taxable.
    Interest from any invetment is taxable except NSC interest
    for tax related queries

  2. jagan s
    May 26, 2012

    yes the interest received by you from the post office monthly income scheme and the scss scheme is to accounted toward your income in the hand of the investor. your investment in scss scheme is also admissable under section 80 c of the income tax act for the year 2007-08 (fy) up to a limit as laid down.

  3. Moonmoon T
    May 26, 2012

    it is taxable

  4. iks
    May 26, 2012

    yes, it is taxable. only the interest earned in the savings account of post office is free of tax.

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