tax for retired

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 ?

asked Nov 19 '14 at 16:20 by SAMIRAN 11

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.

answered Nov 20 '14 at 16:06 by Pankaj Batra 5.2k320


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Asked: Nov 19 '14 at 16:20

Seen: 1,957 times

Last updated: Nov 20 '14 at 16:06