Filing interest earned with Income Tax

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..... Hi, I have an ICICI savings bank account and earned an interest of ₹ 153759.00 for FY 2017-2018. When I used ClearTax and input the interest amount, it says Tax due amount is ₹ 48000.00. .....

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..... Is this plausible? Also, I have a Recurring Deposit. Do I need to declare the interest earned for RD as well while tax filing since RD interest have TDS? Thanks, Darin - Reply By DR.MARIAPPAN GOVI .....

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..... NDARAJAN - The Reply = IN respect of interest on savings bank account exemption is only for ₹ 10,000/-, Therefore interest is payable for the balance interest amount. In respect of RD interes .....

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..... t bank may deduct TDS on interest on accrual basis. If it is deducted in such a way you have to declare the interest on RD and pay the balance amount of tax. - Filing interest earned with Income Tax .....

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..... - Query Started By: - Darin New Dated:- 26-7-2018 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - tax .....

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..... managementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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