Friday, December 23, 2011

I have fixed deposits of 20 lakhs.the rate of interests is 8% per annum,do i have to pay tax.?

how much will be my yearly tax on the fixed deposits of 20 laks,with a interest rate of 8% per annum.i have not filed my income tax return till now thinking whether this is taxable or not.i dont have any other income.

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