Kim /kim/ [1 syll.] as a boys' name (also used as girls' name Kim) is pronounced kim. It is of English origin. Short form of Kim-names like Kimball or Kimberly. Kim is also a Korean surname meaning gold. Literary: name of the boy hero of Rudyard Kipling's novel Kim.
Tax deducted at source becomes applicable when the depositor exceeds the cap of Rs.10,000 of interest earned in a financial year of a fixed deposit account held at a branch. Tax deducted at source or TDS is deducted with every payment that the bank make towards an account that is earning over Rs.10,000 as interest. Furthermore, TDS is deducted even if the amount has not yet been paid to the account holder physically.
Reporting interest income on your tax return. Taxable and tax-exempt interest is reported on Form 1099-INT, part of your consolidated tax reporting statement from Fidelity. Even if you do not receive Form 1099-INT from other sources, you must report any taxable interest income on your tax return. 1099-OID reports any taxable OID and is also included in your Fidelity tax reporting statement; be sure to add these amounts to your taxable interest. You should report taxable interest and tax-exempt bond interest on your income tax return (lines 8a and 8b of the 1040).