what is 15 G?
Manas Dutta (2 Points)
25 April 2017
if not submitted in one year , what will be the result in self rolled FD ?
Manas Dutta (2 Points)
25 April 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160322 Points)
Replied 25 April 2017
Interst on FD is accrued every quarterly. If your estimated total interest on FD amount gets exceeded Rs. 10,000/- than TDS at 10% with PAN or 20% without PAN gets deducted and only the remaining amount gets accrued. By submitting the 15G (if applicable) you can save the TDS deduction and hence full amount of interest is given to you.
For details read: https://profit.ndtv.com/news/your-money/article-how-to-avoid-tds-on-bank-fixed-deposits-1456665
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