How tax levied on Fixed Deposit or FD?February 16, 2016 Q & A Forum › Category: Banking › How tax levied on Fixed Deposit or FD?0Vote UpVote DownNeeraj asked 2 years agoSir, I want to know the tax charged by govt. on FD amount of rs. 3 lakhQuestion Tags: tax levied on Fixed Deposit 1 Answers0Vote UpVote Downbasunivesh Staff answered 2 years agoNeeraj-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.