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.
Looking to expand your small or medium-sized enterprise (SME) and how to apply SME loan? One of the key aspects you need to consider is choosing the right tenure for your SME loan. Determining the sui...
April 10, 2024
Life is full of unexpected twists and turns. Circumstances can change in the blink of an eye, and we may find ourselves in need of funds before the maturity date of our fixed deposit (FD). If you are ...
March 5, 2024
Vishwakarma Puja holds special significance for farmers across India. As you celebrate the divine architect and pray for a bountiful harvest, it’s also an opportune time to plan for your financi...
October 10, 2024
Your form has been submitted successfully.
Quick Pay 
Apply Now 
Reach Us