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F d (joint account ) got interest 560000

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 April 2015 Dear all,

i am working in a bank

my doubt

wife 58 years and husband 65 years opened a F.D (Joint A/c) in my bank (nationalised) now they got interest 5,60,000

so i divided the interest amount equally to wife and husband

now wife got 2,80,000
husband got 2,80,000

husband already senior citizen so no tds deducted

but wife is liable to deduct tds, so i deducted TDS 28000 (10%) on her portion of amount

is it right or wrong please tell me

because my friend told me to take either wife pan card or husband pan card, TDS should be deducted on total(560000) amount even if it is joint account

please clarify very urgent
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CA Mohit Bansal

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CA Mohit Bansal (Expert)
20 April 2015 The treatment given by is absolutely correct.
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Querist : Anonymous

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Querist : Anonymous (Querist)
20 April 2015 sorry sir for asking this

which treatment is correct

my treatment or my friend treatment



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CA Mohit Bansal

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CA Mohit Bansal (Expert)
20 April 2015 treatment given by you to deduct tds seperately

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