Big Trouble: New TDS Rules on Fixed Deposits Will Impact Senior Citizens in 2026
Starting January 1, 2026, millions of senior citizens across India will face a significant change in how Tax Deducted at Source (TDS) is applied on their fixed deposit (FD) interest income. Under revised Income Tax Department guidelines, banks will now deduct TDS at 10% on FD interest earnings even if the total annual interest is … Read more