When do banks deduct TDS on interest income? ₹50,000 rule explained
With the Income Tax Act, 2025, taking effect from 1 April 2026, the I-T department clarified that TDS on interest will apply only above the set thresholds. The definition of “banking company” remains broad, ensuring no extra TDS burden on depositors due to legal changes.
With the Income Tax Act, 2025, taking effect from 1 April 2026, the I-T department clarified that TDS on interest will apply only above the set thresholds. The definition of “banking company” remains broad, ensuring no extra TDS burden on depositors due to legal changes.
What's Your Reaction?
DDP Editor
Admin managing news updates, RSS feed curation, and PR content publishing. Focused on timely, accurate, and impactful information delivery.
