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Tax regimes, TDS and tax on interest

Tax guides

3 guides · 21 min of reading · in plain words

  1. 1

    How fixed deposit interest is taxed, and how TDS works

    FD interest is taxable income in India. Learn how tax is calculated, when banks deduct TDS, and when Form 15G or 15H can help.

    5 min readRead guide →
  2. 2

    Old vs new tax regime: how to choose, with worked examples

    How India's old and new income tax regimes differ, the slabs and deductions in each at the time of writing, worked examples for different salaries, and a simple way to decide which one costs you less.

    9 min readRead guide →
  3. 3

    Tax on savings account interest: 80TTA, 80TTB and what to declare

    How interest from savings accounts and fixed deposits is taxed in India, the deductions for savings interest and for senior citizens, how they work under the new Income-tax Act, TDS, and how to report interest correctly.

    7 min readRead guide →

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