Do you pay tax on compound interest?

By IndianMoney , 9 months ago
Yes, compound interest is interest paid on interest. Interest rates paid upon bank accounts, bonds, and dividends (shared profits) are all generally taxable.
Trending Questions
Recent Questions
Related Questions
- What is Compound Interest?
- What are the types of Types of Compound Interest?
- What is the Formula to calculate Annual Compound Interest?
- What is the formula to calculate Half-Yearly, Quarterly, Monthly Compound Interest?
- What are the benefit of Compound Interest?
- Is power of Compounding is the eight wonder of the world?