Banks deduct a standard 10% TDS on your fixed deposit interest when they exceed Rs.10,000. If your total income for the year puts you in the 20% or 30% tax bracket, you would have to pay the additional tax.
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Banks deduct a standard 10% TDS on your fixed deposit interest when they exceed Rs.10,000. If your total income for the year puts you in the 20% or 30% tax bracket, you would have to pay the additional tax.
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