How is the interest on fixed deposits taxed in India?
Welcome to Answerclub.org
Questions | Answers | Discussions | Knowledge sharing | Communities & more.
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
Questions | Answers | Discussions | Knowledge sharing | Communities & more.
The interest earned on fixed deposits in India is taxable as per the investor’s income tax slab rate. Banks deduct TDS (Tax Deducted at Source) if the interest income exceeds a certain threshold. Investors can also opt for the cumulative option, where the interest is reinvested and taxed at maturity.