In the Budget 2025, FM Nirmala Sitharaman announced a new TDS compliance threshold for individuals, senior citizens, and ...
The interest earned on FD is fully taxable, which is considered ‘income from other sources’. The amount of TDS collected on ...
Rs 1 lakh TDS threshold for senior citizens on fixed deposit interest reduces procedural hassles but doesn't exempt them from ...
Salaried taxpayers often face higher tax deductions at source (TDS) on their salaries despite having paid TDS or tax ...
With the RBI reducing the repo rate by 25 bps in the recent MPC meet, some banks may consider reducing their deposits rates, ...
5d
Banks are expected to start lowering the rates on FDs in alignment with the decrease of the benchmark lending rate by the ...
In accordance with section 153 of the Income-Tax Bill 2025, senior citizens are eligible to claim a tax deduction of Rs ...
Newspoint on MSN14h
Bank FD: When do you not have to pay tax on FD interest, investors should know the rules..Due to fixed returns and low risk, even today many investors prefer fixed deposits (FDs) despite many investment options.
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For senior citizens, banks will now deduct TDS if interest amount exceeds Rs 1 lakh in a particular bank. However, with smart ...
The PAN Card was introduced to help the IT Department fight tax evasion. This unique 10-digit number offers a streamlined approach to tracking each taxpaying entity’s investments, transactions, TDS, ...
Considering the recent changes in the new tax regime during the Budget 2025, one of my blog readers asked "Are Bank Fixed ...
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