As per Income Tax Act 1961, interest on an FD will be considered as income from other sources and thus it is fully taxable. I had the same doubt and on visiting my Yes Bank branch, I learned about it.
Get your home loan disbursed in a short time with the aid of NoBroker’s expertsRead More:
How to renew fixed deposit? Difference between certificate of deposit and fixed deposit How much TDS is deducted on fixed deposit ?Your Feedback Matters! How was this Answer?
Thanks ,We got your reaction
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
If I make FD for one year and choose interest credit monthly then is TDS applicable?
rahul
54 Views
1
1 Year
2023-06-09T09:08:07+00:00 2023-06-09T09:12:59+00:00Comment
Share