Yes. As per the Income Tax Act, 1961, tax at the applicable rate will be deducted at source from the interest paid or credited to a depositor if the gross interest exceeds the prescribed limit during the financial year under a specific customer ID.
Is there any TDS (Tax Deducted at Source) on the interest earned from Shriram Finance LTD FD? Print
Modified on: Thu, 13 Apr, 2023 at 10:03 AM
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