Posts Tagged ‘avoid tds on fds’

How to Avoid TDS on FD?

How to Avoid TDS on FD?

Fixed deposited is most preferred investment option by Indians, fixed deposit offers fixed return with safety. Fixed deposit although give benefit of fixed return and safety but also brings problem of TDS. You must be aware that it is mandatory by bank to deduct TDS @ 10%, if interest earned from FD exceed above Rs 10,000. This TDS deduction will significantly reduce your maturity amount. So question arise is how to avoid TDS on FD? Do we have any scope? […]