TDS ON FIXED DEPOSIT WITH

[IMRAN AHMED]

SIR

I WANT TO KNOW WHETHER INTEREST ON FIXED DEPOSIT FROM BANK IS TAXABLE OR NOT.

[MUKUND THAKKAR]

yes,

you have to submit 15H form with the respective bank

AI Summary

Interest on Bank Fixed Deposits is Taxable; Consider Submitting Form 15H to Reduce Tax Liability. A user inquired whether the interest earned on a fixed deposit from a bank is taxable. The response clarified that it is indeed taxable, and advised submitting Form 15H to the respective bank to potentially mitigate tax obligations.