WE have Fixed deposit in a bank Interest on fixed Deposit approximately Rs.33200/- So bank will deduct TDS on interest or note. 2nd Can i need to sumbit 15G form in a bank. my annual income is less then 2.50 lac
13 April 2021
Since the interest value is less than ₹40,000, the bank is not required to deduct tax at source. 15G is also not required to be submitted I think.
CAclubindia
