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.
Inflation is a force that affects every aspect of our lives, including our finances. It erodes the purchasing power of our money over time, making it essential to find ways to maximise our returns and...
March 4, 2024
Running a successful business requires adequate financing. However, for many individuals, accessing funds can be a challenge. This is where SME loans come into play. One has to sign a business loan ag...
April 11, 2024
In our financial journey, there often comes a time when we need substantial capital to fulfil our dreams and goals. During these moments, a “Loan Against Property” (LAP) can be a valuable ...
July 5, 2024
Your form has been submitted successfully.
Quick Pay 
Apply Now 
Reach Us