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.
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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