« Top Headlines » Open DEMAT Account in 24 hrs  5 major changes in the last 6 months every taxpayer should know!  Good news for taxpayers: ITR forms updated to allow 87A tax rebate claims, but there's a catch  Top 10 income tax changes from 2024 to look out for while filing ITR in 2025  15 income tax rule changes in 2024 that will impact your ITR filing in 2025 «  Consider tax impact on your PF money while quitting job... Govt to issue circular on service tax by June 15... » Has your tax bond come under TDS net ? June, 04th 2007 Eight per cent taxable bonds, floated by the government in 2003, will attract tax deduction at source (TDS) from Friday on interest exceeding Rs 10,000 in a year. "Tax is required to be deducted at source on the interest exceeding Rs 10,000 payable during the financial year on 8 per cent Savings (Taxable) Bonds, 2003 with effect from June 1, 2007," Reserve Bank of India (RBI) said in a communication to the banks. The government has floated the eight per cent taxable bonds in 2003 with a maturity of six years. The interest was payable on non-cumulative bonds half yearly and cumulative bonds on maturity. These bonds were initially exempted from TDS on the interest amount.