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18 May 2012 gud evening sir,
in fy. 2012-2013 if interest on saving a\c upto 10000 than bank will not deduct tds @ 10% it is right. which section it will come 194a
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
18 May 2012 TDS is NOT deducted on interest paid on savings account, irrespective of the amount of interest.
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18 May 2012 than sir tds deduct only fixed deposit interest
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
18 May 2012 Yes TDS is applicable only on interest on FDR.
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