FD returns taxable

[Shikha Sharma]

Is FD returns taxable?

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[Expert]

Yes!

If return amount is more then or equal to 10k per year.. bank wise... then its taxable.

[Rajeev S]

I wish to correct you. Bank interest is fully taxable whether it is below 10K or not. Above 10K - bank has to deduct tax at source unless you give form 15G or 15H. Below 10K - they will not deduct tax but it is your duty to add it to your income and pay tax accordingly.

[Expert]

Yes, It is taxable. TDS option is also available.