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Taxability of matured value of Fixed Deposits

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189 Points Posted on 13 June 2020
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 ?
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On 13 June 2020 at 21:31 Report
Replies (3)
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3924 Points Posted on 13 June 2020
If your Interest on Fixed deposit exceeds 10000/- TDS applicable
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On 13 June 2020 at 22:08
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Student
1321 Points Posted on 14 June 2020
TDS is applied only on interest portion.
If interest exceeds 10,000 TDS provision get attracted
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On 14 June 2020 at 05:48
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Student
1628 Points Posted on 14 June 2020
For TDS: above two reply is correct.

For Matured Amt of FDR: There is no tax liability on matured amount.

Thanks
4 Reply
On 14 June 2020 at 08:18


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