Khanna was forced to declare the obvious after greatly exaggerated rumors of his death by suicide flew through India's film industry.
"This is really absurd and an irresponsible rumour," Khanna said in an interview on Friday. According to Khanna the story probably spread after he stopped taking calls recently after he developed a throat infection and lost his voice.
"I would like to assure all my well-wishers that I'm fine. Don't believe all these silly rumours," said the actor, who comes from one of Bollywood's best known families and is thought of as an up and coming actor. He has starred in Bollywood/Hollywood and Earth: 1947
His father, Vinod Khanna, was a popular action hero in the 1970 and 1980s, starring in about 120 Bollywood movies before trading the big screen for politics six years ago. He has since served as a Cabinet minister and managed to make a movie, Deewanapan.
His elder brother Akshaye Khanna is known for playing strong character roles and won praise for his comedic parts in two recently released movies, 36, China Town and Shaadi Se Pehle.