what is the Tax rate for interest earned on investment.?



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If a company earns interest for its bank deposit, does it pay tax as per then slab or its would consider as different income.?

2 Answer(s)


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Interest earned comes under non-operating expense in the income statement.

It is subjected to the same amount of tax as a the corporate tax rate. However, interest earned is netted against interest paid (for loans etc).

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Thank you Binny sir