by Mahindra Finance
February 29, 2024
|1 mins read
Yes, as per the Indian Tax Laws defined under the Indian Income Tax Act, 1969, the interest returns you earn from Rs. 20 Lakh FD is taxable. The interest is subject to 10% TDS, and the financial organisation where you hold the FD account will deduct the tax amount before crediting the interest amount to your account.
However, the TDS is applicable only if the interest earned from your FD is more than Rs. 40,000 in a financial year. For senior citizens, the limit is Rs. 50,000.
Quality education comes at a cost. There is a rising need for skilled people and a good formal or vocational education can give a great start to your career. While most may worry about the associated ...
February 22, 2024
In today’s fast-paced world, efficiency and precision are paramount. This holds true across industries, from agriculture and food processing to pharmaceuticals and recycling. And when it comes t...
February 14, 2024
Are you dreaming of buying a car but worried that your low credit score might hinder your chances of getting a car loan? Don’t worry, because even with a low credit score, you can still obtain b...
August 13, 2024
Your form has been submitted successfully.
Quick Pay 
Apply Now 
Reach Us