Need A Financial Product › Forums › Tax Savings › Is principal also taxable in tax saver fixed deposits › Is-principal-also-taxable-in-tax-saver-fixed-deposits_REPLY
October 26, 2014 at 9:14 pm
#48075
samkapoor77Keymaster
Principal amount will not be taxable. Interest is taxable in the year in which it is earned. Bank will deduct tax at source in case you miss to submit form 15G/ 15H.