A registered trade union earned income by way of interest on a fixed deposit held with the State Bank of India of ₹ 5,60,000. The interest income chargeable to tax in the hands of a trade union would be:

Question:A registered trade union earned income by way of interest on a fixed deposit held with the State Bank of India of ₹ 5,60,000. The interest income chargeable to tax in the hands of a trade union would be:

1.₹ 5,60,000

2.Nil

3. ₹ 2,60,000

4.₹ 3,10,000


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