17 September 2014
If the Interest amount exceeds Rs 10000 during the FY only then TDS will be deducted.
Here FD is of Rs 50000/- so even if 10% interest is given it will amount to Rs 5000/- only. So dont worry TDS will not be deducted on interest earned on FD of Rs 50000/- provided you furnish your PAN.
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