Need A Financial Product › Forums › Tax Savings › Is the interest below Rs. 10,000 on recurring deposit taxable This topic contains 1 reply, has 2 voices, and was last updated by Mukul Mishra 3 years, 3 months ago. Viewing 2 posts - 1 through 2 (of 2 total) Author Posts November 15, 2014 at 9:14 am #48466 Mukul MishraMember I am interested in opening a recurring deposit with SBI. I have calculated that I will get interest of Rs. 9,000 approximately in a year. If the interest on recurring deposit does not exceed Rs. 10,000 in a financial year, will it be taxable? November 18, 2014 at 7:48 am #48467 AbhimanyuMember Though your bank will not deduct TDS on interest of recurring deposit, but the amount will be taxable in your hands. Author Posts Viewing 2 posts - 1 through 2 (of 2 total) You must be logged in to reply to this topic.