TDS Rate Chart for FY 2024-25 (AY 2025-26) Business Banking Plus Latest TDS Rate Chart for FY 2024-25 (AY 2025-26) May 7, 2024 13 Mins Read Share TDS (Tax Deducted at Source) is a type of tax introduced by the
The interest income of the user is taxable under section 194A of the Income Tax Act (ITA), 1961. Banks deduct tax on fixed deposits if the interest earned on the same exceeds INR 40,000 in a year. The TDS rate will apply once the earnings go past the threshold limit of INR 40,000...