Post Office savings accounts will be taxed from this financial year. The Central Board of Direct Taxes has already come up with a notification in this regard. The notification has been issued to all the tax collection ranges across the country for implementation. Accordingly, taxpayers, who invest in the post office saving accounts schemes, will now have to show the interest earned on this scheme while filing their income tax returns, official sources said. However, the interest upto 3,500 rupees in case of single accounts and 7,000 rupees in case of joint accounts will be exempted, the sources said. The current interest rates for Post Office savings deposits is 3.5 per cent per annum.