I made a FD of 6 Lakh at 8.50% for 5 years
yearly interest =Rs 51000
As your can see TDS will be deducted approx 10% after that i am left with rs 45900
My yearly income is 4 lakh
Please clarify on this
1) if tds is deducted by bank on by interest income then the remain...
I'd like to know
(1) When would tax be deducted at source in investments in corporate/bank FDs and Non convertible debentures?
(2) How would be the tax deducted at source calculated and at wht rate? If its as per my income tax slab than how would the issuer know in which tax slab i would...