Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is some Tax Deductible at Source on fixed accounts?

accounts deductible fixed source tax
0
Posted

Is some Tax Deductible at Source on fixed accounts?

0 CommentsAdd a Comment

1 Answer

0

Ans. Yes. If the interest paid on fixed deposit accounts exceed Rs.5000/- per customer, per year, per branch then a tax is deducted at source.

0 CommentsAdd a Comment

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123