InvestorQ : How much tax is deducted in Fixed deposit, recurring deposit, Kisan Vikas Patra, NSC, NPS & mutual funds?
Gayatri Surendran made post

How much tax is deducted in Fixed deposit, recurring deposit, Kisan Vikas Patra, NSC, NPS & mutual funds?

Answer
image
Ira Shah answered.
3 months ago
Follow
Tax deducted at source ( TDS) will be applicable on Fixed deposits and Recurring deposit. The other instruments are not liable for a TDS since they are tax-saving investments.

Now, in the case of mutual fund dividends, a 10% TDS cut is applicable if the dividend income exceeds Rs5,000/- annually.
2 Views