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Tag: how to avoid TDS on FD

How to Avoid TDS on FD: Strategies for Maximizing Returns and Minimizing Tax Liability

Fixed Deposits (FDs) have always been a popular investment option for Indian investors. However, one cannot ignore the tax liability on the interest earned from FDs. Tax Deducted at Source (TDS) is applicable on FDs if the annual interest earnings exceed Rs. 40,000 for regular citizens and Rs. 50,000 for senior citizens. In this article, we will discuss various strategies to avoid TDS on FDs…