Interest Income: Latest News and Updates, Top Stories, Videos, Photos About Interest Income

Secure Your Finances With 3-Year FDs: Here Are The Top 10 Banks With Highest Interest Rates

In an ever evolving investing scenario, Fixed Deposits (FDs) have remained a preferred choice for investors in terms of financial stability and assured returns. Offering liquidity and a steady stream of income, FDs are particularly valuable when building an emergency fund. ...

Bank of Maharashtra Q2 net profit jumps 72% to Rs 920 crore

State-owned Bank of Maharashtra (BoM) on Monday posted a 72 per cent jump in net profit at Rs 920 crore for the September quarter, aided by a decline in bad loans and a rise in interest income. The lender had reported ...

Now Banks To Report Interest/Dividend Income To Tax Department

The Central Board of Direct Taxes (CBDT) has released specific instructions for banks and businesses to follow when reporting details on taxpayers' interest and dividend income. The aim is for the tax department to be able to provide taxpayers with pre-filled ...

Interest On PPF, Savings Account To Be Included To Calculate GST Registration Threshold: AAR

While calculating the threshold limit for obtaining GST registration to include the value of exempted income, like interest on PPF, savings bank account and loans given to family/friends, along with taxable supplies, the Authority for Advance Ruling (AAR) has said. ...

You Will Have To Provide Breakup On Interest Income In ITR-1 For FY 2018-19

When filing your income tax returns (ITR) for the financial year 2018-19, you will have to give a break up on the interest income earned in the form ITR-1. The new change will enable the Income Tax Department to detect any ...

Deposit Rates To Likely Increase: Here's What Customers Should Do

Some of the possible moves by the RBI hint at a possible cut in lending rate for consumers and likewise there is expected an increase in deposit rate. The moves suggested here are faster policy transmission rate and the recent apex ...

Higher Pension For Private Sector Employees: Know Details Here

Similar to government sector employees who get regular cash flows as pension money to meet expenses during sunset years, the Supreme Court has now allowed private sector employees enrolled with the EPFO until September 2014, to opt for the regular cash ...

Is Interest On Fixed Deposits Of Minor Taxable In India?

Children many a times receive gift from relatives and grandparents in the form of money. Parents then tend to keep the money so received in fixed deposits so as to ensure they come handy when needed for the child. Also read ...

How is interest rate on recurring deposits calculated?

Recurring deposits (RD) are deposits where you can invest a sum each month periodically. This helps to build a corpus at the end of maturity period. Recurring deposits help you to start your saving with a small amount you are left ...

Treatment of FCNR and NRE deposit accounts when NRIs return to India

Foreign Currency Non-Resident account (FCNR) that is a term deposit account maintained in a foreign currency by the non-resident Indian or Person of Indian Origin can be continued till the maturity term at the prescribed rate of interest even when the ...

NHAI tax-free bond issue available for subscription

National Highway Authority of India (NHA) opened its issue of tax-free, secured, redeemable, non-convertible bonds yesterday. The issue available for subscription until February 15, 2014 has a base issue size of Rs. 1000 crore. However, the company can accept over-subscription to ...

What is the tax exemption limit on a savings account?

The interest amount earned on a savings bank account up to Rs.10,000 in one financial year is now eligible for income tax deduction under section 80TTA of the Income Tax Act, 1961. Introduced through the Finance Bill, 2012, the section allows ...

Interest Income News