indenture (third-person singular simple present indentures, present participle indenturing, simple past and past participle indentured) To bind a person under such a contract. To indent; to make hollows, notches, or wrinkles in; to furrow. Though age may creep on, and indenture the brow. Derived terms . indenturedness; indentured servant; indentureship
The charge for the use of borrowed money. interest income. The income a person receives from certain bank accounts or from lending money to someone else. taxable interest income. Interest income that is subject to income tax. All interest income is taxable unless specifically excluded.
The interest income earned on any FD is taxable at the same tax slab as the customer is in. It will be added to his income in the year under the head 'Other Income'. However, if the interest earned on FD is more than Rs 10,000 annually, bank cut the TDS at the rate of 10 per cent.