How much tax is deducted for FDs?

POSTED BY anurodh ON February 4, 2014 9:27 pm ONE COMMENT

how much tax is deducted for FDs?

One reply on this article “How much tax is deducted for FDs?”

  1. Sumit says:

    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%).

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.