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Fixed Deposit

Is TDS applicable on FD interest?

Yes, tax is deducted at source if the interest you earn from your FDs exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year. To avoid this, you can submit Form 15G or 15H, as applicable.

Yes, tax is deducted at source if the interest you earn from your FDs exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year. To avoid this, you can submit Form 15G or 15H, as applicable.

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