Fixed Deposit Interest FY 2021-22 Exemption Limit
This query is : Resolved
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29 July 2021
FY 2021-22
X (below 60 Years ) having Fixed Deposit with bank?
What is the Exemption limit when bank will not deduct TDS ?
X (below 60 Years ) having Fixed Deposit with bank?
What is the Exemption limit when bank will not deduct TDS ?
CMA Poornima Madhava
(Expert)
29 July 2021
No TDS on interest up to ₹40k pa
CMA Poornima Madhava
(Expert)
29 July 2021
It has been increased to 40k w.e.f. AY20-21 I think.
29 July 2021
@ Seeta
Limit is 40,000 w.e.f 1-4-2019 per Finance Act 2019.
Limit is 40,000 w.e.f 1-4-2019 per Finance Act 2019.
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