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Q. > Please Help: matter of int. us 194a
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251 views • Question added May 18, 2012 • Income Tax • By rajeev ,m.com , nainital


gud evening to all experts,
can any 1 tell me that bank will deduct int. on fd or saving ac

5 Answers

answered May 18, 2012 by CA Richa Gupta , Faridabad

dear bank will deduct tds on interest if interest exceed rs10000


answered May 21, 2012 by CA. SURESH Kr. AGARWAL , Delhi

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.


answered May 21, 2012 by Rishabh Upadhyay , Chandigarh

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


answered Jul 01, 2012 by Rambabu Senkarasetti , Guntur

FD or SB doesnot matter. If interest exceeds 10000, then bank will deduct.


answered Jul 01, 2012 by Rambabu Senkarasetti , Guntur

FD or SB doesnot matter. If interest exceeds 10000, then bank will deduct.


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