What Is TDS (Tax Deducted at Source)?

Tax taken out by the payer before money reaches you, such as on salary or FD interest.

Tax

Banks deduct 10% TDS on FD interest above ₹50,000 a year at one bank (₹1 lakh for senior citizens). If your income is below the taxable limit, submit Form 15G (15H if you are a senior citizen) to stop it.

TDS is credited against your tax; it shows in Form 26AS and your annual information statement, and any excess comes back as a refund when you file.

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Tax

Guides in Plain Words

Short reads that explain how it works before you decide.

All Tax guides

Tax15 Oct 2026 · 6 min readOld vs New Tax Regime for FY 2026-27: Three Salaries, Worked OutThe new tax regime is now the default, and for most salaried people it is also cheaper. Here is the arithmetic for salaries of Rs 12 lakh, Rs 20 lakh and Rs 30 lakh, and the one question that tells you when the old regime still wins.Read the guide →

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