January 31, 2014 3:16 pm
My question is that.. the total lumpsump amount when received after 5 years what will be the tax implication on that amount
Dear Lucky, the interest part of your maturity amount is taxable. For example you invested 100 Rs. and received 150 Rs. as maturity, 50 Rs. is taxable income for you and you need to pay tax on it as per your applicable slab rate in the year of maturity.
Your email address will not be published. Required fields are marked *
Please subscribe me to your Email Newsletters
This site uses Akismet to reduce spam. Learn how your comment data is processed.
Download Our FREE Ebook!
Available only for first 100 people today
New here? Create an account