How is interest income taxed for NCDs (Non-Convertible Debentures)?

Interest earned from NCDs (Non-Convertible Debentures) is taxed as "Income from Other Sources" and is subject to your income tax slab rate. Additionally, a 10% TDS (Tax Deducted at Source) applies. If your income tax slab rate is higher than 10%, you’ll need to pay the balance while filing your taxes.

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