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Post Office savings accounts to be taxed from current fiscal

New Delhi, Jun 16 (PTI) The Indian government has decided to levy tax on the interest obtained on Post Office savings schemes from the current financial year.The Central Board of Direct Taxes (CBDT) has brought out a notification in this regard recently, which stipulates that any interest earned beyond Rs 3,500 (in case of individual accounts) and Rs 7,000 (in case of joint accounts) will be …

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