Income Tax on FD Interest in India FY 24-25|Save Tax on Fixed Deposits
Fixed Deposit Interest and Taxes in India: Key Takeaways TDS Rate: Even if TDS isn’t deducted, you still need to pay tax on the entire interest income when filing your income tax return (ITR). You can claim the deducted TDS as a credit against your overall tax liability. Invest in Tax-Saving FDs: These FDs have a 5-year lock-in period but allow deduction … Read more