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Maximizing FD Interest: How TDS Affects Your Earnings

Published date: February 27, 2025
  • Location: India
Maximizing FD Interest: How TDS Affects Your Earnings
Maximizing FD Interest: How TDS Affects Your Earnings

TDS (Tax Deducted at Source) on FD interest is an important aspect that investors need to be aware of when they invest in fixed deposits. Banks and financial institutions deduct TDS on FD interest earned from fixed deposits if the amount exceeds a certain threshold. Understanding how TDS works on FD interest can help you plan your finances better, avoid surprises, and potentially reduce your tax liability. Make sure you are aware of the TDS rate applicable to your FD interest and take steps to claim any excess deductions if applicable.


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