What will be tax implication on SBI 5 year tax saving term deposit on maturity ?

POSTED BY luckyr18 ON January 31, 2014 3:16 pm COMMENTS (2)

My question is that.. the total lumpsump amount when received after 5 years what will be the tax implication on that amount

2 replies on this article “What will be tax implication on SBI 5 year tax saving term deposit on maturity ?”

  1. ashalanshu says:

    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.

    Thanks

    Ashal

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