Tax implication on recurring deposit
Interest earned from RD is added to your income and taxed as per your slab
The income you earn by way of interest on the recurring deposit is added to your other income, if any, and taxed as per the slab system.
No TDS is deducted for interest income upto Rs 10,000 in a financial year. Over and above this limit, TDS will be deducted on the interest earned at the rate of 10%.
For further information contact SaveTaxGetRich on 94 8300 8300
OR
You can write to us at
Invest [at] SaveTaxGetRich [dot] Com
OR
Call us on 94 8300 8300
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