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What is TDS on Fixed Deposit?

TDS on Fixed Deposit

Tax deducted at source (TDS) on FD can range from 0% to 30%, depending on your income tax bracket.

If your interest earned is more than Rs.10,000 in a year, the TDS deducted is:

  • 10% if your PAN details are provided
  • 20% if your PAN details are not provided
  • If your total income is below the minimum slab, you can claim a refund of the TDS deducted

To avoid TDS deduction: