The interest earned on FD is fully taxable, which is considered ‘income from other sources’. The amount of TDS collected on ...

In the Budget 2025, FM Nirmala Sitharaman announced a new TDS compliance threshold for individuals, senior citizens, and ...

Rs 1 lakh TDS threshold for senior citizens on fixed deposit interest reduces procedural hassles but doesn't exempt them from ...

The Budget 2025 has proposed raising the Tax Deduction at Source (TDS) limit on interest earned from bank fixed deposits (FDs) for general (non-senior) citizens. The current threshold of Rs 40,000 ...

Interest earned on FDs is taxable, with tax deducted at source (TDS) if it crosses a specified limit. Budget 2025 raised the ...

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, ...

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, 2025. The Union Budget 2025 proposes to increase the limit for tax ...

How to calculate Fixed Deposit returns? The answer is an online ... 000 for investors above 60 years), then banks deduct TDS @10%. For non banking finance company (NBFC), the threshold limit ...

From April 1, 2025, the tax deducted on senior citizens' fixed deposits will be lower. This is because the threshold for TDS ...

Compared to savings accounts, fixed deposits offer a better rate of interest, making them a favorable choice for those looking to maximize their returns. In India, Tax Deducted at Source (TDS ...