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Aug 04, 2011, 03.37 PM IST
ANY income that does not fall under the four heads of income, namely salaries, business or profession, house property or capital gains will fall under the 'other income' head.
So, dividends (from shares and mutual funds) and interest (from bank deposits, postal schemes and other debt products) fall under this head.
All the taxable income from this head is added to your total income and tax is calculated at your regular tax slabs.
Interest
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