You can stop banks from deducting TDS on your fixed deposit interest—if your total income is below the taxable limit. Banks usually deduct 10% tax (TDS) if your FD interest is more than Rs 40,000 in a ...

Form 15H is beneficial for senior citizens who rely on FD interest for their regular income and wish to avoid unnecessary TDS deductions, which would otherwise require them to file an income tax ...

TDS on dividend income is deducted if the total dividend payable by a company in a financial year exceeds Rs. 5,000.

Financial Literacy News: Good news for senior citizens. Higher returns are available on fixed deposits. Small finance banks offer up to 8.5% interest on three-year FDs. Utkars ...