Top 6 Rules for TDS on Fixed Deposit

Top 6 Rules for TDS on Fixed Deposit 1. Tax Deduction at Source(TDS) If you have fixed deposit in the nationalized bank or corporate, then interest income from the deposit amount is taxable and 10% will be deducted at the source. This process is called as Tax Deduction at Source(TDS). 2. Deposit in different branches Interest income is calculated based on the branch, if you have FD in the bank, up to Rs.10000 interest income in that branch is not taxable and Rs.5000 in case of corporate FD like Tata Motors or Mahindra Finance. So, financiers advise customers to split […]

Read more