Interest on Bank Term Deposits is subject to tax deduction at source if the interest amount during the relevant previous year exceeds................

Question

Quizplus · Accepted Answer

As of the last update, the threshold for tax deduction at source (TDS) on interest from bank term deposits is set at Rs. 10,000. If the interest amount exceeds this limit in a financial year, the bank deducts tax at source.

Interest on Bank Term Deposits Is Subject to Tax Deduction