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.
Interest is taxed as ordinary income, subject to the ordinary income tax rates. Interest on US Treasury bonds and savings bonds are taxable on your federal return, but are tax-free at the state level. Interest on municipal bonds are tax-free at the federal level. Municipal bond interest are tax-free at the state level if you invest in a bond issued in the same state in which you reside.