TDS on bank interest explained: Who is liable and how much gets deducted under new income tax rules?

1 week ago 5

The Income Tax Act, 2025, effective April 1, maintains existing TDS thresholds on bank interest. The I-T department clarified the definition of banking company and the rules around TDS. Here are the prescribed limits and how much TDS gets deducted on bank interest income.

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TDS on bank interest explained: Who is liable and how much gets deducted under new income tax rules?

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