Retired on 15th April.14. Total fund received after tax deducted. Total money deposited on Bank. Do I have to pay tax again on the interest earned from Bank from May to March'15 ?
1 Answers
Interest on fixed deposit would be added to your taxable income and taxed as per your slab rates.
In case total interest+pension (or other income) is more than exempted limit, then tax would have to be paid.
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