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Do you know how to avail tax rebate on your FD account?

If a person is below 60 years of age and his annual income is up to Rs 2.5 lakh, he doesn’t have to pay tax on the interest earned

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Do you know how to avail tax rebate on your FD account?
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For account holders with taxable income, banks deduct TDS at 10% interest. However, if the depositor does not provide his PAN card, 20% TDS is levied.
For account holders with taxable income, banks deduct TDS at 10% interest. However, if the depositor does not provide his PAN card, 20% TDS is levied.
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Representative Image
Representative Image
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Do you know how to avail tax rebate on your FD account?
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The benchmark BSE Sensex has gained nearly 10% YTD, while the broader BSE Midcap and Smallcap indices have advanced 25% and 37%, respectively, during the same period.
The benchmark BSE Sensex has gained nearly 10% YTD, while the broader BSE Midcap and Smallcap indices have advanced 25% and 37%, respectively, during the same period.
Published: April 5, 2021, 15:45 IST

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