How To Calculate Tax On Interest Income From FDs, Bonds And Savings Accounts financialexpress.com

The interest income earned requires disclosure in the IT return. Interest is earned on the savings account, fixed deposits, bonds etc. It becomes important to know the tax liabilities of these incomes.

The savings account and fixed deposits in our bank earn us interest income. Most of the time we remain oblivion about the interest earned on our fixed deposits, savings accounts and recurring deposits. This interest income needs to be disclosed in the income tax return too. Hence, it is important to know the taxability of these incomes