Tax on the RD interest – How is it calculated ?

POSTED BY Jay ON February 13, 2014 9:44 pm ONE COMMENT

hello,

Would like to understand tax on RD interest.  How it will be calculated.

Money will be blocked for 5 yr in PPF and sbi tax saving RD.

So just want to know how much will be tax on intereset, is there any limit to charge interest

One reply on this article “Tax on the RD interest – How is it calculated ?”

  1. ashalanshu says:
    February 13, 2014 at 10:05 pm

    Dear Jayan, in case of RD, the interest amount is taxable in the year of receipt.

    Thanks

    Ashal

    Reply

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