Conveniently pay your EMIs, set payment reminders, view your loan details.
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. 1 Lakh FD are 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.
Are you an entrepreneur with big dreams of expanding your business? Do you have ideas for growth but lack the necessary funds to make them a reality? You’re not alone. Many small business owners...
April 10, 2024
Are you considering taking out a personal loan but worried about your credit score or approval? Well, signing for a personal loan with a cosigner might just be the solution you need. People opt for a ...
August 13, 2024
Quick Summary: Purchasing a vehicle is just the first step. Understanding its maintenance and value retention is important for grasping the financial implications of vehicle ownership. Vehicle depreci...
January 16, 2026
Your form has been submitted successfully.
Quick Pay
Apply Now
Reach Us