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Taxability of matured value of Fixed Deposits
please let me know the taxability of the matured amount of Fixed Deposits on which tax is paid yearly. Is TDS is made on the total matured amount paid by the payer ?
Replies (3)
If your Interest on Fixed deposit exceeds 10000/- TDS applicable
TDS is applied only on interest portion.
If interest exceeds 10,000 TDS provision get attracted
If interest exceeds 10,000 TDS provision get attracted
For TDS: above two reply is correct.
For Matured Amt of FDR: There is no tax liability on matured amount.
Thanks
For Matured Amt of FDR: There is no tax liability on matured amount.
Thanks
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