The interest earned on KVP is taxable in the same manner as interest income earned on bank FD. The KVP holder is not required to pay TDS (tax deducted at source) unlike a bank FD where interest income of Rs 10,000 or more attracts TDS.
The interest earned on KVP is taxable in the same manner as interest income earned on bank FD. The KVP holder is not required to pay TDS (tax deducted at source) unlike a bank FD where interest income of Rs 10,000 or more attracts TDS.
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