banner_ad

Filing of income tax return in case of salaried employee

This query is : Resolved 
Profile Image

Profile Image

(Querist)
29 February 2012 Dear Sir,
We know that CBDT has exempted to file the tax return if salary income is less than 5 lacs Rs with certain conditions one of the condition is that saving account interest should be limit to 10000 Rs and employer should deduct the TDS on it.
Now my query is that in case of saving account interest how can employer deduct the TDS I think Bank in which we saving account have is entitled to deduct it.
Please tell me and keep away my confusion .
Profile Image

SOURAV GOEL

Profile Image

SOURAV GOEL (Expert)
29 February 2012 Employer is not the authorised person to deduct any TDS on Savings Account(its the Bank which is entitled). Moreover Interest of 10,000 does not qualify for any deduction of T.D.S.

Section 194A is applicable only when Interest is more than 10,000.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details