When you earn interest from a Fixed Deposit (FD), Tax Deducted at Source (TDS) plays a vital role in ensuring that tax is collected on that income. Banks deduct TDS on FD interest once it exceeds ...

While filing your ITR, if your tax liability is less than the TDS deducted (plus self-assessment tax paid, if any), you can ...

Senior citizens have an effective tool in Form 15H, which can help them prevent Tax Deducted at Source (TDS) deductions on interest earned from fixed deposits exceeding Rs 1 lakh. Under the new ...

The first and foremost thing to learn is that fixed deposits are taxable. The basic meaning of TDS on fixed deposit is the tax implied on the interest received from your various fixed deposits in a ...

Fixed deposits are among the most trusted investment options for Indian savers due to their guaranteed returns and capital safety. Whether you are a working pro ...

Certain banks are providing high fixed deposit. Suryoday Small Finance Bank offers 9.1% interest. Unity Small Finance Bank ...

This will take up the limit from the current ₹40,000 to ₹50,000 per financial year and will come into effect from April 1, 2025. The Union Budget 2025 proposes to increase the limit for tax ...

Forbes Advisor India has put together interest rates on fixed deposit schemes provided to general and senior citizens by major scheduled banks of India for deposits up to INR 3 crore and maturity ...

Tax Deducted at Source (TDS) is a crucial component of our tax system. As per rules, entities or individuals making certain payments are mandated to deduct TDS before making the payment.