Form 15G and 15H: A Comprehensive Guide for Bajaj Finserv Customers to Avoid TDS Deductions
When earning interest income, it’s essential to be aware of the tax implications that come with it. According to the current income tax laws, interest earned from fixed deposits, recurring deposits, and other fixed-income instruments is subject to Tax Deducted at Source (TDS) if it exceeds ₹40,000 in a financial year (₹50,000 for senior citizens). … Read more