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

Download App

Conveniently pay your EMIs, set payment reminders, view your loan details.

phone
|

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

What Is The Monthly Interest Breakdown On A Rs. 2 Lakh Fixed Deposit

When it comes to financial security, investing your hard earned money wisely is crucial. One such investment option that offers stability and regular income is a fixed deposit (FD). With an FD, you ca...

KNOW MORE

April 25, 2024

Vehicle Depreciation Rates: What They Mean and How They Affect You

Quick Summary: Purchasing a vehicle is just the first step. Understanding its maintenance and value retention is important for grasping the financial implications of vehicle ownership. Vehicle depreci...

KNOW MORE

January 16, 2026

Credit Default Swap – Meaning, Features & Uses

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...

KNOW MORE

April 22, 2024