Form 15G 15H FD

Income Tax on FD : Big Relief on Bank FD TDS, Millions to Gain

by
Income Tax on FD Big Relief on Bank FD TDS, Millions to Gain

Introduction Headlines claiming no income tax on bank FD have gone viral, promising massive relief for millions of depositors who rely on fixed deposit interest for steady income. While the Union Budget 2025 brought welcome changes to TDS rules on FD interest—raising thresholds significantly—the reality is more nuanced. Interest from bank fixed deposits remains fully … Read more

Income Tax on FD: No Tax on Bank Fixed Deposits? Lakhs Set to Benefit – Truth Revealed

by
Income Tax on FD No Tax on Bank Fixed Deposits Lakhs Set to Benefit – Truth Revealed

Introduction Viral messages and social media posts claiming that there will be no income tax on bank FD interest have excited millions of fixed deposit holders across India, especially seniors and conservative investors who rely on steady returns. The promise of tax-free FD interest sounds like a dream for lakhs of people struggling with inflation … Read more