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 thinking of investing in a fixed deposit to secure your savings and earn regular income? A fixed deposit (FD) is a popular investment option that provides stability, security, and consistent r...
May 23, 2024
In the ever-evolving industrial landscape, press machines stand as pillars of progress. From shaping sheet metal into intricate components to transforming raw materials into finished products, these v...
February 14, 2024
Introduction With the Indian market constantly evolving, it’s important to understand the dynamics of commercial vehicle financing and the key factors that can shape your decision-making process...
August 26, 2024
Your form has been submitted successfully.
Quick Pay
Apply Now
Reach Us