Interest Income

RECENT NEWS
The Hindu Business Line  Feb 1  Comment 
Raises limit of deduction for health insurance premium and medical expenditure to Rs 50,000 from Rs 30,000 under section 80D
The Hindu Business Line  Jan 19  Comment 
23% growth in other income also boosts bottomline
The Hindu Business Line  Jan 18  Comment 
Expect income tax law to be amended in budget to tax interest income from NPAs on receipt basis for NBFCs
The Economic Times  Oct 12  Comment 
Non-interest income, too, grew by 22% to Rs 1,187.6 crore. Net profit rose by 25% to Rs 880.1 crore.




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Interest income is the the income a company earns from interest on either its own assets or assets it holds in custody for clients.

Interest income is particularly important for asset-accumulating institutions such as banks, as they are depending on interest and investing income for their profitability.

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