Millionaire Mode

Taxation of Interest Income: Deductions and Exemptions

Question 1 of 14

Which of the following is not a deductible expense for computing the taxable interest income?

  1. Interest paid on housing loan
  2. Interest paid on education loan
  3. Interest paid on personal loan
  4. Interest paid on car loan

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000