Please Help: matter of int. us 194a
Posted Date : 18-May-2012 , 05:27:13 pm | Posted By rajeev
gud evening to all experts,
can any 1 tell me that bank will deduct int. on fd or saving ac
can any 1 tell me that bank will deduct int. on fd or saving ac
Category : Income Tax | Answers : 5 | Comments : 0 | Hits : 236
Answers
Answer By: CA Richa Gupta
dear bank will deduct tds on interest if interest exceed rs10000
Answer By: CA. SURESH Kr. AGARWAL
Bank will deduct TDS on the interest given on FD as well as on Saving a/c also. However upto RS. 10000/- interest No TDS will be deducted.
Answer By: Rishabh Upadhyay
Limit for deduction of tax by banks on interest on FD and Saving is rs 10000 in one financial year. You can file form 15G/15H if you dont want the tds to be deducted. However there is another limit of Rs 50000 for annual interest which if exceeded banks are liable to deduct tds even if form 15g/15h hs been provided
Answer By: Rambabu Senkarasetti
FD or SB doesnot matter. If interest exceeds 10000, then bank will deduct.
Answer By: Rambabu Senkarasetti
FD or SB doesnot matter. If interest exceeds 10000, then bank will deduct.
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