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, ...

Budget 2025-26 proposes tax changes to boost bank deposits by ₹40,000-45,000 crore, improving liquidity and credit growth.

The Budget 2025 has proposed raising the Tax Deduction at Source (TDS) limit on interest earned from bank fixed deposits (FDs ...

This will take up the limit from the current ₹40,000 to ₹50,000 per financial year and will come into effect from April 1, ...

Budget 2025 proposes raising the TDS threshold on interest earned from fixed deposits by non-senior citizens from Rs 40,000 to Rs 50,000 per annum, effective April 1, 2025. TDS is deducted by banks on ...

Budget proposals could help banks mobilize an additional ₹45,000 crore in deposits in 2025-26, boosting liquidity and credit ...

The enhanced TDS thresholds on senior citizen deposits will come into effect from the Financial Year 2025-26, starting from ...

Finance minister Nirmala Sitharaman introduced several tax reforms in the Budget 2025 intended to benefit middle-class taxpayers, including senior citizens.

Budget proposals for income tax cuts and other tax changes will help banks to mobilise Rs 40,000-45,000 crore additional ...