Assessment year 2014-15
This query is : Resolved
30 September 2014
i have paid Rs 49081 through TDS before 31/3/2014
there was a fixed deposit in bank
bank has deducted 10% as TDS
but my slab is 20% as income is above 5 lacs.
that means i have to pay another 10 % (Rs 4858)on bank's interest of FD.
pls guide how much interest on income tax i have to pay for this unpaid tax today ie 30/9/2014
there was a fixed deposit in bank
bank has deducted 10% as TDS
but my slab is 20% as income is above 5 lacs.
that means i have to pay another 10 % (Rs 4858)on bank's interest of FD.
pls guide how much interest on income tax i have to pay for this unpaid tax today ie 30/9/2014
CA Tejas Mistry
(Expert)
02 October 2014
Bank will deduct tds, as per TDS rate prescribed under respective sections.
So you have to compute tax liability as per the slab rate applicable to you and pay the tax liability
So you have to compute tax liability as per the slab rate applicable to you and pay the tax liability
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