Tax on FD interest.
Fd Interest is taxed according to your income tax slab right?
What if I'm making less than 2-3 lakhs per annum from a job or business which means I fall under zero tax slab. Now if I put some money in fd which gives me an interest of 3 lakhs pa, do I have to pay tax on that or no because I come under zero tax slab or should I pay 10% standard on fd interest? Plz make me understand this 🙏
Thank you