I have given lone on interest to a company is lone is exempted in wealth tax or not?

Answer 1

1st of all to give loans you need to have licence, if you do not have you are going against law.
What ever the income & how ever it may come, tax is applied.

Answer 2

Hi!
Let me make it clear to you. Wealth tax is a Direct tax under wealth tax Act which is applicable only on net wealth of an Individual and HUF over Rs.2.50 lakhs.

Loan given to any one whether on intrest or otherwise is not at all a wealth as per Wealthtax Act. But interest earned is ofcourse taxable as income under Income Tax Act if your total income (Income from all the sources) falls under the tax net.
Hope this resolves your problem.
Bye.