Tax on Interest Income-Accrued vs Paid

This discussion addresses concerns about potentially being taxed twice on Fixed Deposit interest income. The user notes that banks may deduct tax (TDS) on both accrued interest and interest paid out upon maturity. While banks typically operate on an accrual basis for TDS, the user's deposit interest certificate shows tax deducted on a combined amount of interest paid and accrued. The core issue is ensuring the same interest isn't taxed twice.