Is maturity amount taxable in 5 yr tax saving FD ?

POSTED BY Amrutha ON December 27, 2013 6:13 pm COMMENTS (2)

Hi,

I want to know if the ‘Principal’ amount taxable at maturity for a tax saver Fixed Deposit.

Thanks

 

2 replies on this article “Is maturity amount taxable in 5 yr tax saving FD ?”

  1. ashalanshu says:
    December 27, 2013 at 10:22 pm

    Dear Amrutha, the principal is not taxable in Tax saver FDs.

    Thanks

    Ashal

    Reply
  2. Sumit says:
    December 27, 2013 at 8:23 pm

    The interest earned on any FD is taxable, and should be paid at the end of the financial year.

    Reply

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