How is tax calculated FD?
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The TDS rate on fixed deposits (FDs) is 10% if the interest amount for the entire financial year exceeds Rs 10,000 for AY 2019-20. ... Under existing Income Tax rules, the TDS rate on fixed deposit interest is 20% if you do not provide your PAN Card to the bank. For NRO (Non-Resident Ordinary) FDs, the TDS rate is 30%.