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TDS on FD interest decoded: Who pays, how much banks deduct, and exemption rules

Fixed deposit interest provides passive income for many Indians but is subject to TDS under the Income Tax Act. TDS is deducted at 10% if interest exceeds 50,000, with senior citizens enjoying a higher exemption. Forms 15G and 15H can help avoid TDS.

9 May 2026 10:48 am