Hellow guys, Welcome to my website, and you are watching How to save tax on FD interest in tamil #taxplanning #tds #shorts #youtubeshorts #follow #youtuber. and this vIdeo is uploaded by Tax with Suriya at 2023-03-16T05:25:27-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | How to save tax on FD interest in tamil #taxplanning #tds #shorts #youtubeshorts #follow #youtuber |
| Video Uploader | Video From Tax with Suriya |
| Upload Date | This Video Uploaded At 16-03-2023 08:25:27 |
| Video Discription | The interest income earned on a fixed deposit is taxable, and you have to pay taxes as per the applicable tax rates under the IT Act for the said financial year. Moreover, banks deducts tax at source (TDS) on interest paid on fixed deposits when interest income exceeds Rs 40,000 (Rs 50,000 for senior citizens) in any given financial year for residents. The current rate of TDS for residents on interest income over the above limits is 10%. However, TDS shall be deducted at higher rate of 20% if a person does not have a PAN or in case of specified persons.. ‘Specified person’ refers to someone who has not filed their Income Tax Returns for both of the previous two years; and has aggregate TDS/TCS credit of Rs 50,000 or more in each of the two years. NRIs are subject to TDS at the rate of 30% plus applicable surcharge and cess. |
| Category | Education |
| Tags | fd | fd interest | tax on interest | how to save tax on fd | taxplanning | varthaga | varthaga arthangal |
