However, if the limit of interest earned through the interest rate in a FD exceeds the prescribed limit, it is taxed under TDS. To avoid this, it is necessary to fill Form 15H and Form 15G when you ...
I am a 62-year-old retired professional. I submitted Form 15H to my bank, but TDS was still deducted on my interest income. What should I do now? Also, when is the best time to submit Form 15H to ...
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Tax Tips: These 2 forms do not allow a tax on FD! If you have invested then understand when and how to use them..
Income Tax Rule on FD: There are many investment options in today's time, but still people have a lot of faith in Fixed Deposit. FD is included in the portfolio of most people even today. The reason ...
When it comes to tax, the well-established rule is that no income can escape it, except in cases where your income is lower than the taxable threshold. In such circumstances, your income is exempt ...
If you are meant to receive an interest income from a bank and your total annual income is likely to stay lower than the minimum threshold that qualifies for tax liability then you must intimate the ...
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