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Difference between revisions of "Tax on Fixed Deposits"
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Revision as of 19:21, 2 August 2017
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Fixed Deposits are one of the most popular types of fixed income opted in India.
However, Interest income from Fixed Deposits is taxable in the hands of depositors, whether it is done from a Bank, or a Non-Banking Financial Institution.
Further, for interest above Rs. 10,000 per year, a Tax Deduction at Source (TDS) will be done.
Related Lessons
- Tax on Dividend Income
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- Filing Income Tax Returns
- Income-tax Return Forms or ITR Forms - Which form to use when?
- Plan your tax payment and tax savings
- Saving tax under Section 80C
- Advance Tax - Who should pay? Due dates etc.
- Tax on receiving gifts
- Tax-free income
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