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Fixed Deposit Interest FY 2021-22 Exemption Limit

This query is : Resolved 
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(Querist)
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 ?
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CMA Poornima Madhava

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

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

Pls confirm
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CMA Poornima Madhava

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

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