Question: how tds on fixed deposit calculated?
Answer: TDS on Fixed Deposit. FD Interest is taxable at your slab rate along with applicable surcharge/cess. ... It will face a tax of Rs 31,200 (tax rate of 30% and 0.4% cess). The TDS rate on fixed deposits (FDs) is 10% if the interest amount for the entire financial year exceeds Rs 10,000 for AY 2019-20.