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.
What are systematic investment plans or SIP schemes? Here’s a brief overview of what they are, different types of SIP funds and benefits of investing in SIPs SIP schemes are one of the most popular ...
June 30, 2023
If you’re in the market for a new midsize SUV, the Maruti Suzuki Grand Vitara is definitely worth considering. With its competitive pricing, strong hybrid powertrain, and impressive features, it...
June 19, 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
Your form has been submitted successfully.
Quick Pay 
Apply Now 
Reach Us