TDS on interest projected for the Financial Year shall be deducted in accordance with the provisions of the Income Tax Act, 1961. If the depositor is unable to furnish PAN, the tax on interest will be deducted at a higher rate as per the provisions of the Income Tax Act.
Whether TDS is applicable to interest earned on Fixed Deposits? Print
Modified on: Tue, 12 May, 2020 at 4:40 PM
Did you find it helpful? Yes No
Send feedbackSorry we couldn't be helpful. Help us improve this article with your feedback.