- Interest income from Fixed Deposits is taxable as per your tax slab. It gets added to your total income and gets taxed at slab rates applicable to your total income.
- TDS will be deducted from interest income if the aggregate interest income on all fixed deposits exceeds Rs. 40,000 per financial year (Rs. 50,000 in case of senior citizens).
What is the tax implication on FD? Print
Modified on: Sat, 19 Feb, 2022 at 11:14 AM
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