Real-time Stock quotes, portfolio, LIVE TV and more.
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.
Disclaimer: While we have made efforts to ensure the accuracy of our content (consisting of articles and information), neither this website nor the author shall be held responsible for any losses/ incidents suffered by people accessing, using or is supplied with the content.
May 22 2013, 13:11
- in MARKET OUTLOOK
May 22 2013, 10:44
- in Economy