According to the rules of FD, on receiving interest of more than Rs 40,000 on fixed deposit in a financial year, 10 percent TDS will have to be paid. On the other hand, if you get FD in the name of your wife, then you can save this TDS. Bank FD: Amidst the growing interest … Continue reading Bank FD Account: Open an FD account on your wife’s name and get benefits on TDS and additional tax, know how