Give us your phone number and email
we will send you the details.

By contacting this business you agree to follow all our terms and conditions mentioned here.

Verify OTP

Please check your email for the OTP, if not received please refresh the page and try again, also check your spam folders.

Upload Resume to create profile
Email: |
Create Job Alert

Query: If TDS is applicable on Recurring Deposits (RD)

Category: Investments

Answer: RD (Recurring Deposits) are at par with Fixed Deposits as far as TDS is concerned, for FD & RD both taken together, Bank will deduct TDS, if the Interest on FD is more then 40000 (for senior citizens 50000) in a year in a bank. TDS would be deducted @ 10% on entire interest if above limit crosses. TDS is on accrued interest, whether paid or not.

Date Posted 13-Dec-2019
Posted By Kumar Prakash
Views: 387

Related Queries