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. 20 Lakh FD is 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.
Introduction Looking to buy your dream car? Whether it’s a sleek new model or a reliable used vehicle, understanding the factors that affect your car loan interest rates is crucial. The interest...
April 17, 2024
Introduction Credit Default Swap (CDS) is a financial tool that provides protection against potential defaults and helps manage credit risk. Whether you’re an investor or a financial institution...
April 22, 2024
Who doesn’t wish to grow their money with minimal risks? Everyone appreciates those extra gains. However, each FD investment carries some risks. But, the advantages of FD far outweigh the risks. A f...
February 23, 2024
Your form has been submitted successfully.
Quick Pay 
Apply Now 
Reach Us