TDS on FD Interest: Section 194A (Now Section 393) — Rates, ₹50,000/₹1 Lakh Limits & Form 121
Banks deduct 10% TDS on FD interest above ₹50,000 a year (₹1,00,000 for senior citizens) under Section 194A, now Section 393. Here are the rates, limits, Form 121 and how to claim a refund.