Fd 5 year interest
This query is : Open
24 February 2015
I have a FD for for 5 years. I will get ineterest on maturity, per year interest less than 10000 but on maturity its more than 10000. Will TDS applicable on maturity?
if yes so can I ask to bank to give me interest every year?
Neeraj
if yes so can I ask to bank to give me interest every year?
Neeraj
24 February 2015
yes once it exceeds the threshold limit of rs 10,000 then tds shall be deducted.
Message likes :
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25 February 2015
But this interest will be the sum of 5 year interest.If I will get interest every year then it will be less then 10000.
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