Tax liability on savings account

[Prakash mandal]

Tax liability on savings accounts

 

[Prakash mandal]

Anyone can tell me

 

[zacobite]

Anyone can tell me

Only on savings interest above 10k per yr as per slab.. Additionally if many high vakue cash deposits or withdrawals then also you may get a question

 

[Devine Soul]

Above ten thousand interest is taxable, in case of senior citizens the range of tax exemption is up to fifty thousand.