TDS (Tax Deducted at Source) of 10% (on the interest) is deducted by the bank if your annual interest is higher than Rs. 40,000 (if you are a senior citizen, then TDS is deducted if the annual interest is above Rs. 50,000).
What is the tax implication on FD? Print
Modified on: Wed, 29 Nov, 2023 at 11:27 AM
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