Fix deposit tax calcualation

Seikh Mohammed Iqbal (Querist) 12 April 2012 This query is : Resolved
i'm working in aboard and would like to FD
30 lacs in my SBI saving account. So 9.25% it will go approx 3 lacks interest per year. So, i will be eleigible for tax pay. kindly advice.

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Nadeem Qureshi (Expert) 12 April 2012
Dear Querist
wait and watch, may be some tax advocate gives you resolution of your query

A V Vishal (Expert) 12 April 2012
Details of other sources of income like rentals from house property etc... and details like savings for tax benefits in India is essential to advise properly. Further, if the interest is the only source then you need to pay taxes (Can be adjusted against TDS if any).

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