INTEREST ON POST OFFICE?



INTEREST EARNED FROM POST OFFICE, is it taxable? If exempt under which section?

INTEREST ON POST OFFICE?
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3 Replies to “INTEREST ON POST OFFICE?”

  1. Under which scheme? Is it under SB a/c, RD, NSC, KVP, FD, MIS, PLI, or PPF Account? Each account has its own exemptions under the IT act. You may visit the official website the of the IT Department for the latest information.


  2. Interest earned from saving accounts ( 3.5 % p.a. ) is exempt under section 10. Interest on all other schemes, like mis,nsc.rd etc is fully taxable.,






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