Wednesday, December 17, 2025

I have a 5-year cumulative FD, do I need to pay income tax on interest annually or at maturity?

ET Wealth Reader's Query: I have a 5-year cumulative fixed deposit where the interest is payable only at maturity. To file my income tax return, should I report the accrued interest every year or should I declare the entire interest income in the year of maturity?

from Tax-Wealth-Economic Times https://ift.tt/ufTqX3M

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