login-icon
mahindra-finance-logo
login-icon
  • English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
|

When will the TDS be applicable on my Fixed Deposit investment?

mahindra-finance-author

by Mahindra Finance

|

June 22, 2023

|

1 mins read

The TDS limit for NBFC FD scheme is till Rs.5000/- interest p.a. In case where the interest amount exceeds Rs. 5,000/- sum of all fixed deposit held with Mahindra finance under single pan number in a financial year, income-tax will be deducted at source.

Related articles

Top Success Formulas for Small Businesses

You do not need a complex solution to achieve success in business. Success comes from mastering the fundamentals of the business and understanding the point of view of the consumers. In order to run a...

KNOW MORE

June 30, 2023

The Rise Of Online FDs: A Guide To Investing In Fixed Deposits Online

In today’s digital age, convenience is key. From shopping to banking, everything is just a click away. And now, even investing in fixed deposits (FDs) has become easier with the advent of online...

KNOW MORE

February 23, 2024

Fixed deposit features

One of the advantages of starting a fixed deposit (FD) is that it’s a safe way to invest. It also ensures the steady growth of your savings. What’s more, it is very easy to get started &...

KNOW MORE

June 30, 2023