I am confused, because these FDs are made from sweep account, and the accrued interest will be calculated based balance at a particular amount which changes throughout the year, so ideally the accrued interest will go on changing. He is also the founder of this website and loves to help people with their Tax Queries.
Is Income From Recurring Deposit Taxable?Till now, only income from fixed deposits was subjected to TDS. of over `10 lakh in a year, the interest from the RD or FD will be taxed at 30%. No TDS on post office Recurring Deposits (RDs). Before, stepping into TDS exception first thing needs to be clear is proper explanation of. Everything you need to know about tds on recurring deposits in India. ✓ Tax Implications on Recurring Deposits, Fixed Deposits & Savings Account ✓ FAQs.