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 Dreaming of owning a car is not uncommon. However, the financial aspect of purchasing a vehicle may seem overwhelming. That’s where car loans come in, making it easier for you to tu...
April 26, 2024
Vishwakarma Puja holds special significance for farmers across India. As you celebrate the divine architect and pray for a bountiful harvest, it’s also an opportune time to plan for your financi...
October 10, 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