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Transcript

Treatment of FD Interest Particular Case 1 Case 2 Person earns FD Interest Income from Salary Income from Other Sources Gross Total Income Deduction under Chapter VIA Less Section 80TTA Net Total Income Note: Interest on FD is Income from Other Sources No Deduction under Section 80TTA for FD Interest 9000 600000 9000 609000 0 609000 90000 600000 90000 690000 0 690000

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 10 years. He also provides Accounts Tax GST Training in Delhi and Pune.