How tax levied on Fixed Deposit or FD?February 16, 2016Q & A Forum › Category: Banking › How tax levied on Fixed Deposit or FD? 0 Vote Up Vote Down Neeraj asked 3 years ago Sir, I want to know the tax charged by govt. on FD amount of rs. 3 lakh Question Tags: tax levied on Fixed Deposit 1 Answers 0 Vote Up Vote Down basunivesh Staff answered 3 years ago Neeraj-There is no specific rate. It will be taxed according to your tax slab. If the interest earned from FD is Rs.10,000 and if your tax slab for that year is 30%, then tax will be Rs.3,000.