Archive | Income from Other Sources

Do banks charge 10 % TDS on interest income on income above Rs 10,000 or on the entire interest income?

Anurag has recently started investing in fixed deposits. Anurag is unsure whether any TDS will be deducted from his fixed deposits – the interest on which may exceed Rs 10,000 in the financial year. Anurag wants to know if banks charge 10 percent TDS on interest income on income above Rs 10,000 or on the entire interest […]

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