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Tag: income tax on fd

TDS on FD – Section 194A

Posted on September 13, 2022December 21, 2022 by admin

TDS on FD is deducted under the Income Tax Act, 1961. Fixed Deposit is a financial instrument offered by banks and other financial institutions to save money and earn a higher rate of interest. The interest earned from FDs is added to the income and is taxable. However, if your tax liability on total income…

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