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Fixed Deposit Interest FY 2021-22 Exemption Limit

This query is : Resolved 

FY 2021-22

X (below 60 Years ) having Fixed Deposit with bank?

What is the Exemption limit when bank will not deduct TDS ?

No TDS on interest up to ₹40k pa

But limit is 10000/- or 40000/-

Pls confirm

It has been increased to 40k w.e.f. AY20-21 I think.

@ Seeta
Limit is 40,000 w.e.f 1-4-2019 per Finance Act 2019.



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