At what rate is TDS deducted?
TDS on fixed deposits is deducted at the following rates for the following category of account holders: Type of Account Holders – TDS (%) Resident Individuals, Sole Proprietorship, Trusts, Association of Persons, Hindu Undivided Family (HUF) – 10.2% Domestic Companies- 20.4% NRO Deposits – 30.6% Note: With the exception of FCNR (B) Deposits and NRE F.D’s, TDS is deductible on every other foreign currency deposit. The TDS rate applicable will depend on the category of the account holder as per the above schedule.
