Interest on Kisan Vikas Patra

I have invested 1lakh in Kisan Vikas Patra in March 2016 interest rate being 8.7%.

Will the interest income for tax purpose keep on increasing every year as this is a cumulative interest product?

What will be interest income be in FY2023?

Hi @vivek25

Quicko is a DIY (Do it Yourself) tax planning and filing platform.

So, here’s how you can prepare your Income Tax Return on Quicko & proceed to E-file.

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Hope this helps.