cn anyone tell me for individual tax computation..how FDR interest shuld be calculated? received in this year?

Question

pl its urgent

Answer 1

Shouldn't your bank be calculating this for you? In fact, you should have received a statement.

(I don't know how much you get, but you can also file form 15H with your bank to avoid having taxes withheld.)

Answer 2

FDR interest is liable to tax under head "Income from other sources", so far as rate of tax is concerned slab rate is applicable ie in case of resident women if her income inclusive of income from interest on FDR is Rs.135000 then interest on FDR is not liable to tax as her net income is less than the exemption limit.