Fixed Deposit Interest FY 2021-22 Exemption Limit

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seeta (Querist)
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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 ?

CMA Poornima Madhava (Expert)
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29 July 2021 No TDS on interest up to ₹40k pa

seeta (Querist)
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29 July 2021 But limit is 10000/- or 40000/-

Pls confirm

CMA Poornima Madhava (Expert)
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29 July 2021 It has been increased to 40k w.e.f. AY20-21 I think.

Bhaskaran Chackrapani Warrier (Expert)
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29 July 2021 @ Seeta
Limit is 40,000 w.e.f 1-4-2019 per Finance Act 2019.

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