Q.

If I make FD for one year and choose interest credit monthly then is TDS applicable?

rahul

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June 9, 2023

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Banking

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0 June 14, 2023

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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 experts Read More: How to renew fixed deposit? Difference between certificate of deposit and fixed deposit How much TDS is deducted on fixed deposit ?

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