Taxation of FD - SBM Credit Card

FAQs related to Taxation of FD

What is the tax implication on FD?
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...
Wed, 29 Nov, 2023 at 11:27 AM
What is form 15G/15H for FD?
Individuals having annual income below the taxable limit can submit form 15G/H to refrain from paying TDS on FDs.
Wed, 29 Nov, 2023 at 11:27 AM