February 4, 2014 9:27 pm
how much tax is deducted for FDs?
Bank deducts the TDS of 10% (if they have your PAN card details) or 20% (if they DO NOT have your PAN card details), if total interest earned is more than 10,000 in in FY.
But actually the total interest earned is taxable as per your slab (10-30%).
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