a small correction that i am checking. post Apr 2023 budget, i’m checking if 20% is retained or removed bcos i read somewhere it was also removed with indexation benefit.
So in FD, the interest accrued is computed annually and TDS is applied, while in LT debt instruments, you would have benefit of extending time and tax until redemption but both seem to be added to the income.
ofc this is for new purchases post APR and applies to you.