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.
During urgent financial need, a personal loan can be a lifesaver. However, getting a personal loan without an Income Tax Return (ITR) or other critical documents can be challenging. Many lenders requi...
April 18, 2024
If you plan to seek a car loan, determining your EMI is a crucial step to plan well. Among the various factors that determine your EMI, the tenure of your car loan or, in other words, car loan maximum...
February 22, 2024
In the intricate world of finance, fixed deposits (FDs) stand as havens for risk-averse investors seeking guaranteed returns and steady growth. But even these havens are not immune to the clutches of ...
February 5, 2024
Your form has been submitted successfully.
Quick Pay
Apply Now
Reach Us