What is TDS deduction for NiyoX Savings Account?

May I know much TDS is deducted for Savings account interest?

Hey Prateek! Welcome to the Niyo Community!

Kindly note:

*The interest that you receive from a Savings account is taxable under the head “Income from other sources”.
*Further, Section 80TTA provides for a deduction up to ₹10,000/- on such interest income and therefore, interest earned beyond ₹10,000/- is only taxable.

Hope this helps! LK

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