Math, asked by kmshashikpt, 1 month ago

much interest does he earn in 3 years?
Kalu deposited ? 24055 as a fixed deposited in a bank at 7.4% per annum. If 9.7% deduct as
income tax on the interest earned, find his annual income.
Fect Mathematics-7
157​

Answers

Answered by suresh2515
0

Step-by-step explanation:

The interest income earned on Recurring Deposit is fully taxable without any deduction unlike that of a Savings Account. Moreover, as per Section 194A, banks also deduct TDS on Recurring Deposit interest income at 10%.

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