Matter of interest u/s 194a
This query is : Resolved
Guest
Guest
(Querist)
21 May 2012
good morning experts,
in this fy.2012-13 saving a\c interest if more than 10000 than bank will not deduct tds u\s 194a .but if my fd interest more than 10000 than bank will deduct tds @10% u/s 194a
in this fy.2012-13 saving a\c interest if more than 10000 than bank will not deduct tds u\s 194a .but if my fd interest more than 10000 than bank will deduct tds @10% u/s 194a
21 May 2012
TDS is NOT applicable on interest paid on savings account.
It is applicable only on interest paid on fixed deposit and that too if the annual interest exceeds Rs. 10,000/-
It is applicable only on interest paid on fixed deposit and that too if the annual interest exceeds Rs. 10,000/-
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