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Small savings scheme interest attracts TDS at 10 %

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Normally, interest earned on small savings scheme attract TDS @ 10%.

If the interest amount doesn't exceed Rs 10,000 in the case of deposits with bank and post offices, no TDS is deducted. In some cases, this limit is Rs 5,000. The TDS rate would depend on the kind of scheme you have invested in.

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This post first appeared on Prajna Capital - An Investment Guide, please read the originial post: here

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Small savings scheme interest attracts TDS at 10 %


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