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Topic: Bank interest and FD income  XML
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Anonymous


Bank interest and FD income

I have total 12000 (12K) bank interest and FD income from 3 different banks. But I heard that upto 10K bank interest is non-taxable. So in this case should I mention 2K or 12K bank interest? I am retired senior citizen getting pension.My total pension is 2.35 lac. If I add pension plus 2K interest, then total income becomes 2.37 lac and this is within 2.40 lac limit. But if I add pension plus 12K interest, then total income is 2.47 lac and it means 7K is taxable income. Please clarify. Thanks
Anonymous


YES SIR U NEED TO FILE ITR ON YR TOTAL INCOME
REGARDS
LANGOO
 
Discussion forums » Income Tax Planning
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