Tax on Kisan Vikas Patra Returns

 

Taxation of Kisan Vikas Patra

The interest earned on Kisan Vikas Patra (KVP) doesn't enjoy any tax exemption

 The interest earned on Kisan Vikas Patra (KVP) doesn't enjoy any tax exemptions. The interest earned from it is taxed as per the Income Tax slab applicable to the investor on redemption. That means an investor in the highest tax slab will pay 30 per cent tax on the returns from KVP. Also, 10 per cent of the interest earned would be deducted as tax deducted at source (TDS).

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